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Questions and Answers
Which of the following is not a common type of business model described in the text?
Which of the following is not a common type of business model described in the text?
- Manufacturer
- Retailer
- Consultant (correct)
- Distributor
A business that purchases products from a manufacturer and resells them to retailers or the public is known as a:
A business that purchases products from a manufacturer and resells them to retailers or the public is known as a:
- Retailer
- Franchise
- Wholesaler
- Distributor (correct)
Which type of business model involves a company selling its own finished products directly to customers?
Which type of business model involves a company selling its own finished products directly to customers?
- Manufacturer (correct)
- Retailer
- Franchise
- Distributor
A business model where a company grants third-parties the right to use its business practices, trademark, and name in exchange for a fee is known as a:
A business model where a company grants third-parties the right to use its business practices, trademark, and name in exchange for a fee is known as a:
Which of the following is not a key element of a business model as described in the text?
Which of the following is not a key element of a business model as described in the text?
Which of the following is not a reason why a business model is important?
Which of the following is not a reason why a business model is important?
A business that sells products directly to the public after purchasing them from a distributor or wholesaler is known as a:
A business that sells products directly to the public after purchasing them from a distributor or wholesaler is known as a:
Which of the following is not a key aspect of a business model according to the text?
Which of the following is not a key aspect of a business model according to the text?
What is the primary purpose of a business model according to the text?
What is the primary purpose of a business model according to the text?
Which of the following business models involves a company manufacturing its own products from raw materials?
Which of the following business models involves a company manufacturing its own products from raw materials?
