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The process of dividing customers into groups based on common characteristics so companies can market to each group.
Customer Segment
The quality of being honest and having strong moral principles; moral uprightness.
Integrity
The ethical, philosophical idea that people are to be treated impartially, fairly, properly, and reasonably by the law.
Justice
Value of what you will give up to get something.
Opportunity Cost
How possible or worthwhile it is to pursue your idea.
Feasibility
Sympathy and concern for the sufferings or misfortunes of others.
Compassion
The process of validating preconceived ideas by carefully testing a customer's reaction to an MVP.
Lean Startup Methodologies
To show humbleness.
Humility
An organized way to gather and analyze information needed to make business decisions.
Market Research
Something thought to be true but do not have evidence or data to support.
Assumptions
What is Market Research and why is it important?
(Def) the action or activity of gathering information about consumers' needs and preferences. Answers will vary.
The ability to do something that would otherwise frighten one.
Courage
Warm and deep appreciation for kindness received.
Gratefulness
New information that is collected for a particular purpose. It is obtained directly from potential customers.
Primary Data
Existing information that was previously gathered for a purpose other than the study at hand.
Secondary Data
The quality of having experience, knowledge, and good judgment.
Wisdom
An innovation, service, or feature intended to make a company or product attractive to customers.
Value Proposition
Weekly vocabulary will ALWAYS be completed using which Google app?
Google Sheets
Risks taken after carefully considering potential costs and benefits before starting a business.
Calculated Risk
A strategic management and lean startup template for developing new business models.
Lean Business Model Canvas, or Lean Canvas
Restraint exercised over one's own impulses, emotions, or desires.
Self-Control
To regard or treat (someone) with admiration and respect.
Honor
Cornell Notes will ALWAYS be completed using which Google app?
Google Docs
* X2 Pts* List the four areas of a SWOT analysis?
Strengths, Weaknesses, Opportunities, and Threats.
Attending Texans CAN gives one the _______ to graduate.
Opportunity