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Questions and Answers
What is a company's business model according to the text?
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?
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?
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?
What does 'unbundling business models' refer to?
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Which type of business focuses on building strong relationships with customers?
Which type of business focuses on building strong relationships with customers?
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What is the main focus of Product Innovation Businesses?
What is the main focus of Product Innovation Businesses?
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Which aspect differentiates Infrastructure Businesses from other types?
Which aspect differentiates Infrastructure Businesses from other types?
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'Long Tail' is associated with which business concept?
'Long Tail' is associated with which business concept?
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Which type of business model involves multiple parties interacting across different sectors?
Which type of business model involves multiple parties interacting across different sectors?
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What does it mean to have 'FREE as a Business Model'?
What does it mean to have 'FREE as a Business Model'?
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