D.I.P: Womenpreneur Programme – BMC Assessment
Assessment Results
Your score: 8/20 The minimum passing score is 15. Click here to try again.
| Score | 8/20 |
|---|---|
| 1. What are the 3 Stages of growth of a Viable Idea? | Problem-Market Fit, Product-Market Fit, Scale for Growth Correct answer: Problem-Solution Fit, Product-Market Fit, Scale for Growth |
| 2. What are the components of a Viable Idea? | All of the above |
| 3. For continuous innovation and transformation, the frameworks needed are (please select all that apply) | Business Model Canvas Design Thinking Correct answer: Business Model Canvas, Design Thinking and Lean Canvas |
| 4. What are the Key Considerations to think through when you next review your BMC? | Competition, Potential of new entrants, Power of suppliers, Power of customers, Threat of substitute products Correct answer: Market Forces, Key Trends, Industry Forces, Macro-Economic Forces |
| 5. What does a Business Model Canvas describe? Please select all that apply. | How an organization creates value How an organization delivers value How an organization captures value |
| 6. What are the various segments of the complete BMC? Please select all that apply. | Customer Segments, Value Propositions, Customer Relationships, Channels Key Resources, Key Activities, Key Parters Customer Segments, Key Activities, Revenue Streams, Cost Structure Revenue Streams, Cost Structure Correct answer: Customer Segments, Value Propositions, Customer Relationships, Channels, Customer Segments, Key Activities, Revenue Streams, Cost Structure and Revenue Streams, Cost Structure |
| 7. What are the parts to Understanding Customer Needs? | Customer Jobs, Pains, & Gains |
| 8. To build your Value Proposition(s), you will need to understand (please select all that apply) | What your Pain Relievers are How strong your relationship is with your customers What your current Products & Services are What your Gain Creators are Correct answer: What your Pain Relievers are, What your current Products & Services are and What your Gain Creators are |
| 9. Using the Value Proposition Canvas, it can help you to (please select all that apply) | Better understand the benefits your different customers want from you Better communicate the benefits you bring to your different customers |
| 10. What are the key Channel phases? | Customer Segments Served, Investment Required, Need for Control, Standard or Customisable Offering(s),and Time Need to Build Relationships Correct answer: Awareness, Evaluation, Purchase, Delivery, and After Sales |
| 11. Your existing Customer Relationships should help you achieve at least one or more of the following (please select all that apply) | Better Revenue Growth Greater Customer Acquisition Correct answer: Better Revenue Growth, Increased Customer Retention and Greater Customer Acquisition |
| 12. When you are reviewing your Revenue Streams, you should | All of the above |
| 13. What you do on the Right-Hand-Side of the BMC must support what you deliver on the Left-Hand-Side of the BMC? | True Correct answer: False |
| 14. What are some of the Key Resources shared during the workshop? | Physical Resources, Human Resources, Intellectual Resources, Financial Resources |
| 15. Why is having the right type of Key Resources important to your business? | The quality and nature of these will dictate how much your customers like to do business with you Correct answer: |
| 16. What are the examples shared under Key Activities in the workshop? Please select all that apply. | Production, Research and Development Physical Resources, Human Resources Intellectual Resources, Financial Resources PR & Marketing, Sales & Customer Services Correct answer: Production, Research and Development and PR & Marketing, Sales & Customer Services |
| 17. What are the examples given for Key Partnerships in the workshop? Please select all that apply. | Optimization & Economies of Scale Correct answer: Buyer-Seller Relationships & Joint Ventures and Strategic Alliances & Co-opetition |
| 18. Strategically, what should you be looking for from your Key Partners? Please select all that apply. | What better Payment Terms can they give you? What Key Resources can you acquire from them? That they don't compete with you at all What Key Activities can they perform for you? Correct answer: What Key Resources can you acquire from them? and What Key Activities can they perform for you? |
| 19. What are the different Types of Costs covered in the workshop? | (b) and (c) only |
| 20. Why should you review your BMC regularly? | All of the above |