E-commerce Business Models Quiz

Business Model Fundamentals

• A business model defines how a company creates, delivers, and captures value for its customers.

Value Proposition

• A value proposition defines the unique benefits and value that a company offers to its customers.

E-commerce Business Model

• The primary focus of an e-commerce business model is to create an exchange of value between the company and its customers through digital channels.
• Key components of an e-commerce business model include the value proposition, target market, revenue streams, and logistics.

Business Plan

• A business plan describes the company's strategy, goals, and objectives for achieving its vision.

Developing a Successful Business Model

• To develop a successful business model, a firm must understand its value proposition, target market, revenue streams, and logistics.

Primary Purpose of a Business Model

• The primary purpose of a business model is to create a sustainable competitive advantage in the market.

Value Proposition in E-commerce

• A value proposition in e-commerce primarily focuses on convenience, price, and product offerings.

E-commerce Business Model Components

• Key components of an e-commerce business model include the value proposition, target market, revenue streams, logistics, and technology infrastructure.

Understanding the Value Proposition

• To develop a successful business model, a firm needs to understand its value proposition, including the unique benefits and value it offers to its customers.

Central Focus of a Business Plan

• The central focus of a company's business plan is to describe its strategy, goals, and objectives for achieving its vision.

Characteristics of E-tailers

• The primary characteristic of e-tailers in the B2C domain is that they target individual consumers.
• E-tailers referred to as 'bricks-and-clicks' are distinguished from other e-tailers in that they have both an online and offline presence.

Type of E-commerce Business Model

• The most well-known and familiar type of e-commerce business model targets individual consumers.

Manufacturer-Direct Online Sales

• A manufacturer-direct online sales e-tailer is distinguished from typical e-tailers in that it sells products directly to customers without intermediaries.

Online Retail Stores (E-tailers)

• Online retail stores, often called e-tailers, are set apart from typical bricks-and-mortar physical stores in that they operate solely online.