Product Viability Quiz
Take this fun quiz to see how well you can answer important questions crafted to help assess the viability of your business idea for a new product or service.  

In each question below, select the answer that best describes your current reality about the business idea you are working on. 

Upon completion, your result and performance analysis will be automatically sent to you by email. Have fun!

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1. What is the first step in validating your new business idea?

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1 point

2. What problem does your product/service solve?

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1 point

3. Which of the following factors is NOT important to consider when determining the target market for your new product or service?

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1 point

4. What is the purpose of conducting a PESTLE analysis for your business idea?

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1 point

5.What is the essence of doing a customer segmentation analysis for your business idea?

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1 point

6. In evaluating the financial viability of your business idea, what is the projected cost acquisition cos (CAC) you have calculated

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1 point

7. Which of the following is NOT the purpose of a go-to-market strategy for your business idea?

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1 point

8. Which of the following is a potential risk associated with launching your business idea?

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1 point

9. Which of the following is NOT the purpose of conducting a feasibility study for your business idea?

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1 point

10. What is a barrier to entry in the context of entering a market with your business idea?

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1 point

11. Which of the following is NOT a component of assessing the competitive landscape for your business idea?

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1 point

12. How scalable is your business model?

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1 point

13. What potential risks do you foresee for your product/service?

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1 point

14. Which of the following is NOT a potential cost associated with launching your new product or service?

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1 point

15. Have you conducted market research on your target audience?

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1 point

16. How should you NOT measure the success of your product/service?

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1 point

17. Which of the following is NOT a potential revenue stream for your new product or service?

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1 point

18. What is the level of demand for your proposed product or service?

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1 point

19. How will you acquire customers?

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1 point

20. Which of the following factors is NOT typically considered when determining the pricing strategy for your product or service?

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1 point

21. How do you plan to differentiate your product/service from competitors?

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1 point

22. How financially viable is your business idea in terms of potential revenue and profitability?

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1 point

23. Have you gathered feedback from potential customers on your business idea?

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1 point

24. Which of the following is a set of potential sources of finance you can explore to raise funding for your business idea?

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1 point

25. How well do you handle adversity, rejections and setbacks?

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1 point
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