Business Model Canvas & Lean Startup Flashcards
7 cards from real CPI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Business Model Canvas & Lean Startup flashcards as text
In the Business Model Canvas, which block describes the specific groups of people or organizations a company aims to reach and serve?
Answer: Customer Segments
Customer Segments define the different groups of people or organizations an enterprise aims to reach and serve.
A Lean Startup uses 'validated learning' primarily to do what?
Answer: Test business assumptions with real market data
Validated learning is the process of demonstrating empirically that a team has discovered valuable truths about a startup's present and future business prospects using real market experiments.
Which Business Model Canvas block captures all costs incurred to operate a business model?
Answer: Cost Structure
The Cost Structure block describes all costs incurred to operate a business model, including fixed and variable costs.
In Lean Startup methodology, what does 'pivoting' mean?
Answer: Changing strategy while staying true to the vision based on learning
A pivot is a structured course correction designed to test a new fundamental hypothesis about the product, strategy, and engine of growth.
What type of Business Model Canvas customer segment strategy targets a very specific, specialized market niche?
Answer: Niche Market
A Niche Market segment caters to a specific, specialized customer segment, tailoring the value proposition, distribution channels, and customer relationships to the niche's specific requirements.
Which Lean Startup concept involves releasing a product with just enough features to gather validated learning about customers with the least effort?
Answer: Minimum Viable Product (MVP)
The Minimum Viable Product (MVP) is the version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort.
In the Business Model Canvas, 'Channels' refer to which of the following?
Answer: How a company communicates with and reaches its Customer Segments to deliver a Value Proposition
Channels describe how a company communicates with and reaches its Customer Segments to deliver a Value Proposition.