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Questions and Answers
What is the main purpose of a business model?
What is the main purpose of a business model?
- To outline the revenue generation strategies
- To describe the firm's competitive environment
- To result in a profit in a marketplace (correct)
- To define the value proposition of a company
Which revenue model involves giving away a certain level of product or services for free, but then charging a subscription fee for premium levels?
Which revenue model involves giving away a certain level of product or services for free, but then charging a subscription fee for premium levels?
- Sales revenue model
- Transaction fee revenue model
- Subscription revenue model
- Freemium strategy (correct)
What does the value proposition of a company define?
What does the value proposition of a company define?
- How the product or service fulfills customer needs (correct)
- How the company will earn money
- The competitive environment of the firm
- The unique qualities of the Internet and mobile platform
Which element of the business model describes 'how will you earn money'?
Which element of the business model describes 'how will you earn money'?
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'Reduction of product search, price discovery costs' is associated with which successful e-commerce value proposition?
'Reduction of product search, price discovery costs' is associated with which successful e-commerce value proposition?
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