Define the following

a. Startup Costs -
b. Fixed Costs -
c. Variable Costs -

2. Explain the statement "Low Value Price Statement Proposition = Cost Driven."

 

3. Explain the statement "Premium Product = Value Driven."

 

4. Make an essay about the single most important lesson learned from the video presentation. Cite the time from the video.

Watch the video presentation embedded below and answer the guide questions.

Cost Structure - GEE 003 Introduction to Entrepreneurship
Link: https://youtu.be/5hgHuG-zSsA