Consumer Decision Journey for Hotel Organization with Blockchain
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Questions and Answers

What is a company's business model according to the text?

  • A bundle of specific activities conducted to satisfy the perceived needs of the market. (correct)
  • A set of unrelated activities conducted to satisfy the perceived needs of the market.
  • A one-time activity that a company engages in to attract customers.
  • A system of interconnected and interdependent activities that determines the way the company interacts with its employees.

    • What does a business model innovation focus on?

  • Copying exactly what competitors are doing.
  • Creating new systems of interconnected activities for a company. (correct)
  • Maintaining the status quo in how a company does business.
  • Implementing the same traditional model in a new market.

    • Which term describes business models with similar characteristics or behaviors?

  • Multi-Sided Platforms
  • Long Tail
  • Unbundling Business Model
  • Business Model Patterns (correct)

    • What does 'unbundling business models' refer to?

    <p>Separating different businesses within a corporation to avoid conflicts.</p> Signup and view all the answers

    Which type of business focuses on building strong relationships with customers?

    <p>Customer Relationship Businesses</p> Signup and view all the answers

    What is the main focus of Product Innovation Businesses?

    <p>Creating advanced product technologies.</p> Signup and view all the answers

    Which aspect differentiates Infrastructure Businesses from other types?

    <p>They manage the logistical and operational support of a business.</p> Signup and view all the answers

    'Long Tail' is associated with which business concept?

    <p>Providing products or services tailored to individual customer preferences.</p> Signup and view all the answers

    Which type of business model involves multiple parties interacting across different sectors?

    <p>Multi-Sided Platforms</p> Signup and view all the answers

    What does it mean to have 'FREE as a Business Model'?

    <p>Providing products or services at no cost to customers.</p> Signup and view all the answers

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