Which of the Following Is Very Important to Ascertain During

question 11

Multiple Choice

Which of the following is very important to ascertain during your venture concept reality check process?

• A) Customer satisfaction with existing solutions/alternatives
• B) Whether customers perceive your solution as distinctive
• C) Whether customers would be willing to pay more for your solution
• D) All the above

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Definitions:

Acceptance

A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer. Also, the acknowledgment of the drawee that binds the drawee to the terms of a draft.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Title

Legal ownership of property, evidenced by a document or record.

Sale of Goods

A transaction between a buyer and a seller involving the exchange of tangible personal property for payment.