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
Which Business Model Canvas block describes the types of relationships a company establishes with specific customer segments, such as personal assistance or self-service?
Answer: Customer Relationships
Customer Relationships describes the types of relationships a company establishes and maintains with each specific Customer Segment.
In Lean Startup, a 'concierge MVP' is best described as:
Answer: Manually delivering a service to a small set of users to test demand before automating
A concierge MVP manually delivers the service to early customers to test whether people want the product, without building the full automated system first.
What is the primary purpose of the 'Key Resources' block in the Business Model Canvas?
Answer: To describe the most important assets required to make the business model work
Key Resources describes the most important assets required to make a business model work, which can be physical, intellectual, human, or financial.
In the Lean Startup Build-Measure-Learn loop, what should be the primary output of the 'Learn' phase?
Answer: A decision to pivot or persevere based on validated hypotheses
The Learn phase produces a validated decision about whether to pivot (change strategy) or persevere (continue the current course) based on the data gathered.
Which of the following best describes a 'multi-sided platform' business model in the Business Model Canvas?
Answer: A platform that brings together two or more distinct interdependent customer groups
Multi-sided platforms bring together two or more distinct but interdependent groups of customers, creating value by facilitating interactions between them.
What does the Lean Startup term 'genchi gembutsu' (go and see) emphasize for entrepreneurs?
Answer: Getting out of the building to observe customers in their actual environment
Genchi gembutsu emphasizes that entrepreneurs must get out of the building and directly observe customers in their real environment rather than relying solely on reports or assumptions.
In the Business Model Canvas, which block captures 'the cash a company generates from each customer segment'?
Answer: Revenue Streams
Revenue Streams represent the cash a company generates from each Customer Segment, reflecting what customers are willing to pay for the value they receive.