Quality - ANSWER _______ is measured by how well the product or service successfully
serves its users' purpose.
E-commerce sales and door-to-door sales - ANSWER What are two examples of direct
distribution channels?
Middlemen - ANSWER Indirect distribution channels use _______ to sell their products to
the end customers.
Idea - ANSWER The first stage of the product/market fit is the ________ stage.
prototype - ANSWER The second stage of the product/market fit is the ________ stage.
launch - ANSWER The third stage of the product/market fit is the ________ stage.
traction - ANSWER The fourth stage of the product/market fit is the ________ stage.
monetization - ANSWER The fifth stage of the product/market fit is the ________ stage.
growth - ANSWER The sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - ANSWER The first step of creating a quality control process is to
_____________.
1
, Establish the method of testing product quality - ANSWER The second step of creating a
quality control process is to _____________.
Review the internal quality testing results - ANSWER The third step of creating a quality
control process is to _____________.
Refine and improve quality methods and measures as needed. - ANSWER The fourth step
of creating a quality control process is to _____________.
Employee - ANSWER Sarah is a(n) ________ because she performs tasks while abiding by
company policies and receives a wage for her work.
Success - ANSWER Sharon is in the ________ stage because she is earning more money,
and the company's finances are doing well. Because she is not yet preparing to finance fu-
ture growth, she is not yet in the take-off stage.
Trade secret - ANSWER Knowing a process has been tested and works well is valuable to
companies as they can assume it would work just as successfully for their company. As a re-
sult, companies may want to use __________ materials.
Business plan - ANSWER A written document that details how a business will be struc-
tured, managed, run, and grown.
Pitch deck - ANSWER A brief overview of a business plan, the products and services that
will be provided, the funding needed, and financial projections.
Lean canvas - ANSWER Covers problems and solutions, value propositions, marketing
channels, key metrics, costs, and revenue without all of the business plan details.
2
serves its users' purpose.
E-commerce sales and door-to-door sales - ANSWER What are two examples of direct
distribution channels?
Middlemen - ANSWER Indirect distribution channels use _______ to sell their products to
the end customers.
Idea - ANSWER The first stage of the product/market fit is the ________ stage.
prototype - ANSWER The second stage of the product/market fit is the ________ stage.
launch - ANSWER The third stage of the product/market fit is the ________ stage.
traction - ANSWER The fourth stage of the product/market fit is the ________ stage.
monetization - ANSWER The fifth stage of the product/market fit is the ________ stage.
growth - ANSWER The sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - ANSWER The first step of creating a quality control process is to
_____________.
1
, Establish the method of testing product quality - ANSWER The second step of creating a
quality control process is to _____________.
Review the internal quality testing results - ANSWER The third step of creating a quality
control process is to _____________.
Refine and improve quality methods and measures as needed. - ANSWER The fourth step
of creating a quality control process is to _____________.
Employee - ANSWER Sarah is a(n) ________ because she performs tasks while abiding by
company policies and receives a wage for her work.
Success - ANSWER Sharon is in the ________ stage because she is earning more money,
and the company's finances are doing well. Because she is not yet preparing to finance fu-
ture growth, she is not yet in the take-off stage.
Trade secret - ANSWER Knowing a process has been tested and works well is valuable to
companies as they can assume it would work just as successfully for their company. As a re-
sult, companies may want to use __________ materials.
Business plan - ANSWER A written document that details how a business will be struc-
tured, managed, run, and grown.
Pitch deck - ANSWER A brief overview of a business plan, the products and services that
will be provided, the funding needed, and financial projections.
Lean canvas - ANSWER Covers problems and solutions, value propositions, marketing
channels, key metrics, costs, and revenue without all of the business plan details.
2
