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Questions and Answers
What enables Volava's manager to assess business risks?
What enables Volava's manager to assess business risks?
- His marketing experience
- His financial knowledge
- His business acumen
- His technological expertise (correct)
What is the primary focus of Volava's business?
What is the primary focus of Volava's business?
- Creating content for Netflix
- Developing software solutions
- Selling smart bicycles (correct)
- Processing subscribers' data
What is the main characteristic of a company undergoing 'platformisation'?
What is the main characteristic of a company undergoing 'platformisation'?
- It is transitioning from a hardware-based to a software-based business
- It is building data centres to store customer data
- It is transforming its products into services
- It is creating an ecosystem with third parties to offer multiple products and services (correct)
Which of the following is NOT a priority for Volava's business?
Which of the following is NOT a priority for Volava's business?
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What is the result of a company undergoing 'platformisation'?
What is the result of a company undergoing 'platformisation'?
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Study Notes
Business Concepts
- A manager's key point was that technological expertise helps assess business risks linked to technology used.
- Business 'platformisation' refers to a company's capacity to create an ecosystem with third parties to offer multiple products and services to a growing client base.
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