Business Implementation Quarter IV - Week 5 Activity 1: Fact or Bluff
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Questions and Answers

What is the main purpose of the business model?

  • To describe the financial aspects of the business
  • To outline the marketing strategy of the business
  • To explain how the organization creates, delivers, and captures value (correct)
  • To present the organizational chart of the company

    • Which section of the business plan shows the financial needs and cash flow of the business?

  • Marketing Section
  • Executive Summary
  • Organizational chart
  • Financial Section (correct)

    • Which part of the business plan is typically the first to be presented but the last to be created?

  • Business model
  • Organizational chart
  • Marketing Section
  • Executive Summary (correct)

    • What is the primary reason physical products cannot be effectively marketed based solely on their core function?

    <p>The core function does not adequately differentiate the products from competitors</p> Signup and view all the answers

    What does an organizational chart primarily show?

    <p>The relation of one official to another within the company</p> Signup and view all the answers

    Which type of product/good is particularly expensive and has a long service life?

    <p>Industrial Goods</p> Signup and view all the answers

    What are differentiated goods known for?

    <p>Having varied characteristics that make them distinguishable</p> Signup and view all the answers

    What is the purpose of purchasing industrial goods?

    <p>To make other goods or serve as a raw input in production</p> Signup and view all the answers

    What is the primary responsibility of a company when branding its products?

    <p>Maintaining quality consistency across all products carrying the brand</p> Signup and view all the answers

    Which type of goods are relatively inexpensive, purchased frequently, and do not require much evaluation?

    <p>Convenience Goods</p> Signup and view all the answers

    Which type of goods provide benefits to the consumer for a longer period, usually spanning several months?

    <p>Semi-Durables Goods</p> Signup and view all the answers

    What distinguishes branding from other competitors according to the text?

    <p>Quality consistency in products carrying the brand</p> Signup and view all the answers

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