problem statement in entrepreneurship means:
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Problem statement refers to a clear description of the customer problem.
English • entrepreneurship-basics
Last updated on 2026-02-07
Three 10-question bundles from our Business Entrepreneurship Basics quiz library.
Bundle 1
Bundle ID: 1300000000
problem statement in entrepreneurship means:
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Problem statement refers to a clear description of the customer problem.
Define value proposition:
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Value proposition refers to the core benefit offered to the customer.
Choose the accurate meaning of product-market fit:
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Product-market fit refers to strong demand and retention in a target market.
Choose the accurate meaning of founder-market fit:
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Founder-market fit refers to alignment between founder skills and the market.
Define early adopter:
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Early adopter refers to a user who adopts new solutions quickly.
jobs-to-be-done in entrepreneurship means:
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Jobs-to-be-done refers to tasks customers are trying to accomplish.
Which option matches assumption?
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Assumption refers to a belief that must be tested.
Define vision:
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Vision refers to a long-term view of what the venture seeks to change.
What best describes mission?
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Mission refers to the purpose and direction of the business.
insight in entrepreneurship means:
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Insight refers to a non-obvious understanding about customer needs.
Bundle 2
Bundle ID: 1300000001
Choose the accurate meaning of target segment:
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Target segment refers to a defined group of customers with similar needs.
market sizing in entrepreneurship means:
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Market sizing refers to estimating total potential demand.
In business building, customer discovery refers to:
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Customer discovery refers to learning needs through interviews and observation.
Choose the accurate meaning of segmentation:
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Segmentation refers to grouping customers by similar attributes.
A simple definition of persona is:
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Persona refers to a representative profile of an ideal customer.
What best describes validation?
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Validation refers to evidence that customers want the solution.
In business building, voice of customer refers to:
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Voice of customer refers to feedback about needs and preferences.
customer journey in entrepreneurship means:
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Customer journey refers to steps a buyer takes to purchase.
Define market gap:
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Market gap refers to an unmet need in the market.
Which option matches revenue stream?
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Revenue stream refers to how the venture earns money.
Bundle 3
Bundle ID: 1300000002
A simple definition of cost structure is:
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Cost structure refers to the key expenses to operate.
What best describes subscription model?
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Subscription model refers to recurring payments over time.
A simple definition of usage-based model is:
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Usage-based model refers to charges based on consumption.
Which statement fits freemium model?
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Freemium model refers to free core features with paid upgrades.
marketplace in entrepreneurship means:
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Marketplace refers to a platform connecting buyers and sellers.
advertising model in entrepreneurship means:
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Advertising model refers to earning revenue by selling attention.
Which statement fits platform model?
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Platform model refers to enabling interactions between user groups.
Which option matches unit economics?
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Unit economics refers to profitability per unit or customer.
Which statement fits gross margin?
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Gross margin refers to revenue minus direct costs.
contribution margin in entrepreneurship means:
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Contribution margin refers to revenue minus variable costs.
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