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7 Cards in this Set
- Front
- Back
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Margin |
Profit/Sales |
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What is a business model? |
Revenue and sales |
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First Movers |
usually fail. If you're a first mover, there is no market established yet to base your success after.
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Cheaper, Better, Faster |
you can only have two things. It's not realistic to have all three. You can have something be the fastest and the cheapest be the better product. |
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Benchmark |
what to price your product after. If the benchmark is at 4$ you can't sell your item at 8$ and expect it be successful because you're above what is the set price
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Growth strategies |
geographic expansion product mix expansion |
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Distribution |
selling products where they will be successful;brand is already successful
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