ENT 526 Lecture Notes - Lecture 5: Foodborne Illness, Business Model Canvas, Product Market
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Most likely to be on the exam for the lean canvas activity: amazon. Most lean canvases start from the day the company starts. A business model describes the rationale of how an organization creates, delivers, captures value, in economic, social, cultural or other contexts. Business model = revenue model cost model. The revenue model breaks down all the sources of revenue that your business will. The cost model identifies how you are spending your resources to make money. It your cost of goods sold (cogs) and your operating expenses. Pivot: change to one of the nine boxes on the canvas. A hypothesis is a way of taking a scientific question and turning it into testable pre. A good hypothesis is important because it leads to good experimental design. Good experimental design is important because you need it to properly validate or inval you"re doing. or decks. Good ate or invalidate what nd learnin you"re doing.