Product market fit Samenvattingen, Aantekeningen en Examens

Core Product Benefits - basic level of benefits that the product has to offer to fit into the product category (ex. drill must drill holes) Expected Product Benefits - beyond the core benefits that consumers expect from the product (ex. durability, warranty, reliability, fair price, etc) Augmented Product Benefits - beyond what customer expects & thus beyond what the competition provides (ex. replacing a 30 year old drill, Ford app) Product Features - aspects that are built in to the produ...

MNG3702-notes Strategic Implementation and Control IIIB (University of South Africa) lOMoARcPSD| MNG3702: Strategic Implementation Learning unit 1: Introduction to strategy implementation TRANSLATING LONG-TERM OBJECTIVES INTO ANNUAL OBJECTIVES FUNCTIONAL STRATEGIES AND TACTICS IN STRATEGY IMPLEMENTATION Strategy deployment Aligning organizational units with strategic direction Corporate, business & functional dimensions all need to be aligned & support eachother for success Mobiliz...

What has changed for Healthcare Analytics? - Answer- 1 - Increased computing power and storage, decrease in cost; 2 - increased abundance of data in healthcare; 3 - increase in individuals having strong competencies Big Data - Answer- Refers to the Growth in available data, massive continually increasing volume of live and stored data for analysis; and the increase in tools available for highly sophisticated ways to combine and analyze data to yield new information and insights. (Size Sco...

ESB V2 Certification Test Questions With Revised Correct Answers _______ is measured by how well the product or service successfully serves its users' purpose. - ANSWER : Quality What are two examples of direct distribution channels? - ANSWER : E-commerce sales and door-to-door sales Indirect distribution channels use _______ to sell their products to the end customers. - ANSWER : Middlemen The first stage of the product/market fit is the ________ stage. - ANSWER : Idea...

_______ is measured by how well the product or service successfully serves its users' purpose. Quality What are two examples of direct distribution channels? E-commerce sales and door-to-door sales Indirect distribution channels use _______ to sell their products to the end customers. Middlemen The first stage of the product/market fit is the ________ stage. Idea The second stage of the product/market fit is the ________ stage. prototype The third stage o...

Test Bank for Entrepreneurship: Theory, Process, Practice 11e 11th Edition by Donald F. Kuratko. ISBN-13: 3890 Full chapters test bank included Part 1: The Entrepreneurial Mind-Set in the Twenty-First Century Chapter 1: Entrepreneurship: Evolutionary Development—Revolutionary Impact 1-1 Entrepreneurs—Breakthrough Innovators 1-2 Entrepreneurs Versus Small-Business Owners: A Distinction 1-3 Entrepreneurship: A Mind-Set 1-4 The Evolution of Entrepreneurship 1-5 Avoiding Folklore: Th...

What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer- Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are ...

Core Product Benefits correct answers This is the basic level of benefits that the product has to offer to fit into the product category. Expected Product Benefits correct answers These are the benefits beyond the core benefits that consumers expect from the product. Consumers have expectations about durability, warranty, reliability, fair price. Augmented Product Benefits correct answers benefits above and beyond what they customer expects and thus beyond what competition provides. Pro...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

Market/Fit Hypothesis Exists when you have the right solution to a problem worth solving. Exists when people need your product rather than just seeing a potential benefit of using it. Exists when users love your product so much they tell other people to use it. Onscreen Pop-Up Quizzes Conducting these during the course would be an effective way to measure your teaching performance Growth hypothesis A long-term plan on how a business will grow and evolve in the future Example- woul...