INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Customer Segments and Competitive Advantage
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Problems and Customer Segments
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Key Metrics and Revenue Streams
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Problems and Solutions
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Detailed explanation-1: -Problem. The first section of the Lean Canvas is “problem.” In this section, entrepreneurs need to identify the problem that their business is trying to solve. This is important because businesses need to have a clear understanding of the problem they are trying to solve in order to be successful.
Detailed explanation-2: -The Value Proposition Canvas is formed around two building blocks – customer profile and a company’s value proposition.
Detailed explanation-3: -The right side of the BMC focuses on the customer (external), while, the left side of the canvas focuses on the business (internal). Both external and internal factors meet around the value proposition, which is the exchange of value between your business and your customer/clients.
Detailed explanation-4: -Customer Segments The first block of the Business Canvas Model is about understanding who is the most important customer(s) you’re delivering value to.