EDA NM Rainforest University Center - Business Model Canvas Assessment
Complete this assessment to receive credit viewing the New Mexico Rainforest EDA University Center Seminar, "Business Model Canvas" by Susan Cornelius. This quiz is based on both the seminar and the handouts. Recordings and supplemental materials can be found at NMRainforest.com.
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Email
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Your email
Name (First and Last)
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Your answer
UNM Branch Campuses
Gallup
Valencia
Taos
Los Alamos
Main Campus
Not applicable
Clear selection
In your own words, describe what a "disruptive business model" means
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Your answer
True or False? The Business Model Canvas can be best described through nine basic building blocks that show the logic of how a company intends to make money.
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True
False
True or False? A Customer, to a surprising degree, has significant control over determining your final product.
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True
False
True of False? To be an entrepreneur is to be a Visionary, a Game Changer, and a Challenger, striving to defy outmoded business models to design your new enterprise. The Business Model Canvas helps create this Disruptive Business Model.
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True
False
In determining your Minimal Value Proposition, which of the following questions do you need to answer? (Select all that apply)
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For whom are we creating value?
What customer needs are we satisfying or what customer problem are we solving?
Why will the customer choose our product technology over others?
None of the above
Required
Which of the following are elements of the Business Model Canvas? (Select all that apply)
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Customer Segments
Value Proposition
Channels
Customer Relationships
Revenue Streams
Key Resources
Key Activities
Key Partnerships
None of the above
Required
Which of the following statement(s) are true? (Select all that apply)
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You may think you know what your market needs, but probably not
All markets are uncertain
By definition, you are creating a disruptive technology when markets are uncertain, pricing is uncertain and you are unsure of market segments
None of the above
Required
What is the most important purpose of the Customer Interview?
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To determine the target customers whom the technology creates value for
To get funding for your product
To create a group of potential customers for your product
None of the above
True or False? Finding the right mix of Business Channels is critical to satisfy how customers want to be reached and is crucial in bringing a Value Proposition to market.
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True
False
True or False? In order to create a strong Business Model Canvas, with all its building blocks, you must wait until you finally have the perfect model you can execute to get your Value Proposition to market.
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True
False
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