17 Questions
A business model is a set of planned activities designed to result in a ______ in a marketplace
profit
A value proposition defines how a company’s product or service fulfills the ______ of customers
needs
Revenue model describes how the firm will earn ______, generate profits, and produce a superior return on invested capital
revenue
An advertising revenue model involves a company that offers content, services, and/or products and also provides a forum for ______
advertisements
A subscription revenue model involves a company that offers content or services and charges a ______ fee for access
subscription
To develop and/or analyze a firm’s value proposition, you need to understand why customers will choose to do business with the firm instead of another company and what the firm provides that other firms do not and ______
cannot
Freemium strategy, the companies give away a certain level of product or services for free, but then charge a subscription fee for ______ levels of the product or service.
premium
Transaction fee revenue model, a company receives a fee for enabling or executing a ______.
transaction
Sales revenue model, companies derive revenue by selling goods, content, or services to ______.
customers
Affiliate revenue model, companies that steer business to an “affiliate” receive a referral fee or percentage of the revenue from any resulting ______.
sales
Market Opportunity refers to the company’s intended marketspace (i.e., an area of actual or potential commercial value) and the overall potential financial opportunities available to the firm in that ______.
marketspace
Competitive Environment refers to the other companies selling similar products and operating in the same ______.
marketspace
First mover advantage is a competitive market advantage for a firm that results from being the ______ into a marketplace with a serviceable product or service.
first
Unfair competitive advantage occurs when one firm develops an advantage based on a factor that other firms cannot ______
purchase
Market strategy is the plan you put together that details exactly how you intend to enter a new market and attract new ______.
customers
Organizational development describes how the company will organize the work that needs to be ______.
accomplished
A strong management team gives a model instant credibility to outside investors, immediate market-specific knowledge, and experience in implementing business ______.
plans
Explore the various business models in e-commerce, including Business to Customer (B2C) and Business to Business (B2B). Learn how e-commerce can change business strategies, structures, and processes for profit in the marketplace.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free