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Quiz and Test Creation Platform Overview

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Questions and Answers

What are the factors mentioned in the text that contribute to building a good brand in an online marketplace?

Low prices, flashy advertisements, and hidden fees

Trust, free and or on-time home delivery, and quality sellers (correct)

Limited product variety, slow shipping, and poor customer service

Unreliable sellers, frequent product returns, and late deliveries

What is the major element highlighted in the text in the context of web technology for companies to perform operations and gain profits?

Customer feedback

Advertising campaigns

Data (correct)

Social media presence

Which of the following is NOT an example of a Subscription Business Model?

Uber - Pay per ride service (correct)

Amazon Prime - Annual subscription for free shipping and entertainment services

Netflix - Monthly subscription for video streaming services

Birchbox - Monthly subscription for beauty product samples

What do manufacturers, distributors, and retailers play roles in according to the text?

Satisfying consumer demand Signup and view all the answers

What is emphasized as a key aspect for building a good brand in an online marketplace?

Offering quality products and trustworthy sellers Signup and view all the answers

What technological advancement has given rise to the importance of data in modern business models?

Internet connectivity Signup and view all the answers

What is the primary goal of a social enterprise business model?

Improving social or environmental well-being Signup and view all the answers

What is the term for a method of distributing products or services involving a franchisor?

Franchising Signup and view all the answers

What does a business model primarily aim to answer?

Who the customer is, what value can be added, and how to do it cost-effectively Signup and view all the answers

Which of the following is NOT characteristic of a social enterprise?

Selling products at the lowest possible prices Signup and view all the answers

What type of platform involves a collection of different sellers competing to deliver similar products or services at competitive prices?

Marketplace platform Signup and view all the answers

In franchising, what does the franchisor provide access to?

Proprietary knowledge and business processes Signup and view all the answers