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What is a value proposition in e-commerce?
What is a value proposition in e-commerce?
- A description of the company's organizational structure
- Reasons why the customer should buy from a particular business (correct)
- A plan for reducing operational costs
- A financial statement showing the company's worth
What is a business model?
What is a business model?
- A detailed financial plan for a company
- A description of a firm's target market
- A set of planned activities designed to result in a profit in a marketplace (correct)
- A strategy for managing human resources
What does a revenue model in e-commerce focus on?
What does a revenue model in e-commerce focus on?
- How the firm will earn revenue and generate profits (correct)
- How the firm will invest in technological advancements
- How the firm will expand its market reach
- How the firm will manage its employees
What is the market opportunity element of a business model concerned with?
What is the market opportunity element of a business model concerned with?
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What is a key element of an e-commerce business model related to managing product delivery?
What is a key element of an e-commerce business model related to managing product delivery?
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Study Notes
Value Proposition in E-Commerce
- A value proposition defines the unique benefits and features that a business offers to customers, differentiating it from competitors.
- It answers the question of why customers should choose a specific product or service, often highlighting quality, price, convenience, or innovation.
Business Model
- A business model outlines how a company creates, delivers, and captures value.
- It includes components such as customer segments, value propositions, revenue streams, and key partnerships.
Revenue Model in E-Commerce
- The revenue model focuses on how businesses generate income, encompassing various streams like sales, subscriptions, advertising, or affiliate marketing.
- It defines the pricing strategy and financial viability of the e-commerce business.
Market Opportunity Element of a Business Model
- This element assesses the potential size and growth of the market for a product or service.
- It analyzes target demographics, market trends, competition, and barriers to entry that may affect success.
Key Element of E-Commerce Business Model: Product Delivery Management
- Efficient management of product delivery processes is crucial for customer satisfaction and retention.
- This encompasses logistics, shipping methods, tracking systems, and delivery timeframes to ensure timely and accurate orders.
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