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E-commerce Business Models Quiz

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Questions and Answers

What is a business model?

A report on a company's organizational structure

A detailed financial analysis of a company's operations

A description of a firm's marketing strategy

A set of planned activities designed to result in a profit in a marketplace (correct)

What is a revenue model?

A model for managing customer relationships

How the firm will earn revenue and generate profits (correct)

A model for predicting market trends

A plan for reducing operational costs

What is a market opportunity?

The company's customer service strategy

The area of actual or potential commercial value in which a company intends to operate (correct)

The company's operational efficiency in a specific market

The company's brand recognition in the market

What is a value proposition in e-commerce?

Reasons why the customer should buy from a company Signup and view all the answers

What are the major types of revenue models?

Advertising, subscription, transaction fee, sales, affiliate, freemium Signup and view all the answers

What does a firm's business plan describe?

The firm's business model Signup and view all the answers

Which is a successful e-commerce value proposition?

Reduction of product search, price discovery costs Signup and view all the answers

What does the revenue model in e-commerce focus on?

Earning revenue and generating profits Signup and view all the answers

What does market opportunity in e-commerce typically involve?

Serving a specific marketspace and its size Signup and view all the answers

What is a major type of revenue model in e-commerce?

Subscription revenue model Signup and view all the answers