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Business Model Innovation: D2C Brands

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Questions and Answers

What is a common issue with the term 'business model' in the business world?

It is a concept that only applies to small and medium-sized enterprises
It is only applicable to fashion and luxury companies
It is often used to describe a company's mission statement
It is often stretched to mean everything and ends up meaning nothing (correct)

What is a key aspect of a company's value proposition?

Its competitive strategy in relation to its competitors
The unique benefits it provides to its customers (correct)
The price at which it offers its products or services
Its market share in the industry

What is a key driver of digital transformation in business?

The growing importance of sustainability and environmental responsibility
The focus on reducing costs and improving operational efficiency
The increasing use of traditional marketing strategies
The need to adapt to changing customer behaviors and preferences (correct)

What is a key characteristic of innovative business models?

They create new markets or disrupt existing ones (A) Signup and view all the answers

What is a key aspect of competitive strategy in business?

The identification of a company's unique value proposition (B) Signup and view all the answers

What is a key benefit of digital transformation in business?

The ability to improve customer engagement and experience (A) Signup and view all the answers

What is a key challenge of managing fashion and luxury companies?

The need to adapt to changing customer behaviors and preferences (B) Signup and view all the answers

What is a key aspect of communication in the 'new normal'?

The use of digital channels to reach customers (A) Signup and view all the answers

What is a key characteristic of a business model?

It is a dynamic concept that adapts to changing market conditions (A) Signup and view all the answers

What is a key benefit of innovation in business?

The ability to create new markets or disrupt existing ones (B) Signup and view all the answers