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CCS-MCQ-7

  Case Study 1: TechBuddy What industry does TechBuddy operate in? a) Agriculture b) Healthcare c) Technology Services d) Fashion Answer: c) Technology Services How did TechBuddy initially validate the demand for their service? a) Conducted surveys and interviews b) Launched in all cities simultaneously c) Partnered with tech manufacturers d) Developed a subscription-based model Answer: a) Conducted surveys and interviews What type of funding did TechBuddy secure to fuel its growth? a) Bank loans b) Grants c) Seed funding from angel investors and venture capital firms d) Personal savings of the founders Answer: c) Seed funding from angel investors and venture capital firms What was one of the challenges faced by TechBuddy? a) Finding the right technology infrastructure b) Recruiting and training technicians c) Scaling too quickly d) Securing partnerships with tech manufacturers Answer: b) Recruiting and training technicians Case Study 2: FarmFresh What industry does FarmFresh opera...
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Practical Case Studies in Startups & Entrepreneurship

Case Study 1: Startup Name: TechBuddy Industry: Technology Services Problem: Many individuals and small businesses struggle with setting up and maintaining their technological devices and software. Solution: TechBuddy offers on-demand tech support services, connecting users with certified technicians for assistance with device setup, troubleshooting, and optimization. Startup Journey: Idea Generation: The founders, Sarah and John, identified a gap in the market for convenient and affordable tech support services. Market Research: They conducted surveys and interviews to validate the demand for their service and understand customer pain points. Product Development: Sarah and John developed a platform where users could request assistance for various tech issues and connect with qualified technicians. Launch: TechBuddy launched its service in a few select cities, initially focusing on residential customers and small businesses. Customer Acquisition: Through targeted marketing cam...
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