๐Ÿ“ Unit Quiz

Phase 2: Solution Design

Test your knowledge of ideation, value propositions, business models, and competitive analysis!

Question 1 of 10 Score: 0/10
1

What is the main purpose of brainstorming during ideation?

ATo immediately find the perfect solution
BTo criticize and eliminate bad ideas quickly
CTo generate many ideas without judgment before evaluating
DTo copy successful solutions from competitors
Brainstorming is about quantity over quality initially. By separating idea generation from evaluation, you allow creative thinking without premature criticism killing potentially innovative ideas.
2

A value proposition should clearly communicate:

AHow much your product costs
BWhy customers should choose your solution over alternatives
CYour company's mission statement
DThe technical features of your product
A value proposition answers "why you?" It clearly articulates the unique benefit you provide and why customers should choose your solution over other options, including doing nothing.
3

What is a business model?

AA detailed financial spreadsheet
BA legal document for registering your company
CA marketing strategy
DHow your business creates, delivers, and captures value
A business model describes the logic of how your company creates value for customers, delivers that value, and captures some of that value as revenue. It's the foundation of your business strategy.
4

In SCAMPER brainstorming, what does the "S" stand for?

ASubstitute
BSimplify
CStreamline
DStrengthen
SCAMPER stands for Substitute, Combine, Adapt, Modify, Put to other uses, Eliminate, and Reverse/Rearrange. It's a checklist of idea-generation techniques.
5

Which is an example of a subscription business model?

AA grocery store selling food
BA car dealership selling cars
CNetflix charging monthly for streaming access
DA consulting firm billing by the hour
Subscription models charge customers on a recurring basis for continued access to a product or service. Netflix, Spotify, and SaaS companies use this model to generate predictable recurring revenue.
6

What's the primary purpose of competitive analysis?

ATo copy what competitors are doing
BTo understand the market landscape and find your unique position
CTo prove that your idea is completely original
DTo discourage yourself from starting
Competitive analysis helps you understand who else is solving similar problems, what they do well/poorly, and where opportunities exist for differentiation. Competition often validates that a market exists.
7

"We help [customer] who wants [job to be done] by [how you're different] unlike [alternatives]" is a template for:

AA mission statement
BAn elevator pitch
CA business plan
DA positioning statement / value proposition
This template helps craft a clear positioning statement that defines your target customer, the job you help them accomplish, your differentiation, and your competitive alternatives.
8

A "freemium" business model means:

ABasic features are free, premium features require payment
BEverything is free and funded by investors
CFree trial period followed by mandatory payment
DFree for the first 100 customers only
Freemium offers a basic product for free while charging for premium features, capacity, or support. It's a way to acquire users with low friction while monetizing power users.
9

When analyzing competitors, "indirect competitors" are:

ACompanies in different countries
BCompanies with similar names
CAlternative solutions that solve the same underlying problem differently
DCompanies that might become competitors in the future
Indirect competitors solve the same customer problem but in a different way. For a meal delivery service, indirect competitors include grocery stores, cooking classes, and restaurantsโ€”not just other delivery services.
10

The Value Proposition Canvas connects your value proposition to:

AYour company's revenue goals
BCustomer jobs, pains, and gains
CYour competitor's weaknesses
DYour team's skills and experience
The Value Proposition Canvas maps how your products and services (pain relievers and gain creators) connect to what customers are trying to accomplish (jobs), their frustrations (pains), and desired outcomes (gains).
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