Business Models Quiz
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Questions and Answers

Which term is used to describe the process of creating and modifying a business model?

  • Business structure
  • Business model innovation (correct)
  • Business process
  • Business strategy
  • What does a business model describe?

  • How an organization hires and trains employees
  • How an organization markets its products
  • How an organization manages its finances
  • How an organization creates, delivers, and captures value (correct)
  • What are some core aspects of an organization or business that a business model represents?

  • Purpose, business process, and trading practices (correct)
  • Target customers, offerings, and operational processes
  • Purpose, business process, and target customers
  • Infrastructure, organizational structures, and sourcing
  • How is the term 'business model' used in theory and practice?

    <p>To describe various aspects of an organization or business</p> Signup and view all the answers

    How does a systematic review and analysis define business models?

    <p>The design of organizational structures to enact a commercial opportunity</p> Signup and view all the answers

    Which term is used to describe the process of creating and modifying a business model?

    <p>Business model innovation</p> Signup and view all the answers

    What does a business model describe?

    <p>The operational processes and policies of an organization</p> Signup and view all the answers

    What is the design of organizational structures to enact a commercial opportunity called?

    <p>Business structure</p> Signup and view all the answers

    What are some core aspects of an organization or business that a business model represents?

    <p>Infrastructure and culture</p> Signup and view all the answers

    How is the term 'business model' used in theory and practice?

    <p>To represent core aspects of an organization or business</p> Signup and view all the answers

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