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?

    <p>They create new markets or disrupt existing ones</p> Signup and view all the answers

    What is a key aspect of competitive strategy in business?

    <p>The identification of a company's unique value proposition</p> Signup and view all the answers

    What is a key benefit of digital transformation in business?

    <p>The ability to improve customer engagement and experience</p> Signup and view all the answers

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

    <p>The need to adapt to changing customer behaviors and preferences</p> Signup and view all the answers

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

    <p>The use of digital channels to reach customers</p> Signup and view all the answers

    What is a key characteristic of a business model?

    <p>It is a dynamic concept that adapts to changing market conditions</p> Signup and view all the answers

    What is a key benefit of innovation in business?

    <p>The ability to create new markets or disrupt existing ones</p> Signup and view all the answers

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