Question: How does an entrepreneur create a unique value proposition? Find the intersection between customer problems and your solution. Sell a cheap product that many people
How does an entrepreneur create a unique value proposition?
| Find the intersection between customer problems and your solution. | ||
| Sell a cheap product that many people will purchase. | ||
| Bring to the market a novel product no one has thought of before. | ||
| Use an existing product and make changes to it incrementally. |
Mr. Patel is conducting research in his target market to see if the product he designed delivers different benefits than those of his nearest competitor. He is most likely trying to determine whether his product has a ________.
| comparative advantage | ||
| competitive advantage | ||
| differentiation advantage | ||
| market advantage |
The statement of cash flows is not useful for ________.
| planning future investing | ||
| determining if the business can pay its debt | ||
| determining if the business is building cash from operations | ||
| calculating the overall value of the business |
In order to qualify for a Service-Disabled Veteran-Owned Small Business Concern program, which of these requirements must be met?
| direct ownership and control of 21 percent of the business | ||
| direct ownership and control of 51 percent of the business | ||
| direct ownership and control of 71 percent of the business | ||
| direct ownership and control of 100 percent of the business |
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