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 (D)</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 (D)</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 (B)</p> Signup and view all the answers

What does a business model describe?

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

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

<p>Business structure (A)</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 (A)</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 (B)</p> Signup and view all the answers

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