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Questions and Answers
What is a business model?
What is a business model?
- A document listing a company's competitive advantages
- A description of a company's management team
- A document describing a firm's market strategy
- A set of planned activities designed to result in a profit (correct)
Which element is NOT part of an e-commerce business model?
Which element is NOT part of an e-commerce business model?
- Organizational Development
- Product Manufacturing (correct)
- Market Opportunity
- Competitive Advantage
What does a value proposition define?
What does a value proposition define?
- The market strategy for the firm
- The cost structure of the firm
- How the company's management team operates
- How the company's product fulfills customer needs (correct)
Which element is at the center of a business plan?
Which element is at the center of a business plan?
Why is the Internet, Web, and mobile platform mentioned in relation to an e-commerce business model?
Why is the Internet, Web, and mobile platform mentioned in relation to an e-commerce business model?
What is Amazon's primary value proposition according to the text?
What is Amazon's primary value proposition according to the text?
Which of the following is NOT mentioned as one of the major e-commerce revenue models?
Which of the following is NOT mentioned as one of the major e-commerce revenue models?
What is a key factor for a company to be considered successful?
What is a key factor for a company to be considered successful?
Which of the following is an example of a company using a freemium strategy?
Which of the following is an example of a company using a freemium strategy?
In the transaction fee revenue model, what does a company receive?
In the transaction fee revenue model, what does a company receive?
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