Business Model Innovation
Instructions
The question is in the document, and so is the answer in table form. All I need you to do is rewrite it in paragraph form. no outside sources are needed. All I need is for the table to be rewritten in paragraph form.
Answer
The business aspects that need validations are the structure, price level relative to competitors, frequency of purchase and add-on opportunities. There is a need to check on the price, sales bundle and purchase amount. We also need to check time cycle and recurring revenue. To validate these areas, we can use limited customer surveys to develop an understanding of what the customer will accept for the pricing and sales bundle. Procurement managers should assist in testing assumptions since we will be using b2b transaction. Sales channels can assist with solidifying cycle time. Limited test markets and pop ups will be important in testing as we will see demand in the pods of the airlines. In case of a pass or fail we need to consider increasing the bundle or charging the product and the so...
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