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Questions and Answers
A person or registered company which makes finished products from raw materials in an effort to make profit. The goods are later distributed to wholesalers and retailers who then sell them directly to customers?
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It is a method distributing products or services involving a franchisor. A franchisor provides access to his business' proprietary knowledge, processes, business system and a brand's trademark or trade name in order to sell a product or provide a service under his business's name.?
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According to the manager, _____________ a business model is supposed to answer who your customer is, what value can you create or add and how you can do that on reasonable cost.
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What is the primary goal of a social enterprise business model?
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Which of the following is NOT mentioned as a social enterprise in the text?
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This model make use of the lowest price strategy in selling basic products or service to costumers. Since the basic price is low, additional charges for the other perks and services that are offered are required.
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There is a collection of different sellers into one platform. These sellers compete with each other to deliver similar product or service at competitive prices. Good brand built from factors such as trust, free and or on-time home delivery and quality sellers is vital in an online marketplace.
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Dropshipping is a type of modern business model wherein internet has given rise to the importance of data. Data is the major element in the web technology where companies need vital information to perform its operations and gain profit.
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Which consulting firms are mentioned as the most popular in the text?
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Which the following is NOT example of Subscription Business Model?
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Study Notes
- In the manufacturing industry, products are produced on a large scale to meet consumer demand.
- Distributors purchase non-competing product lines, store them, and sell them to retailers or customers. Auto dealers are examples.
- Retailers buy goods from wholesalers or manufacturers to sell in small quantities to end customers.
- Franchises can be manufacturers, distributors, or retailers, and involve providing access to business knowledge and branding.
- Brick-and-mortar businesses operate physical stores, such as grocery stores, gas stations, and local banks.
- Brick-and-clicks models combine online and physical presence for customer convenience.
- Direct selling involves selling products directly to customers through face-to-face interactions or small gatherings.
- High-touch models focus on personalized customer experiences through human interaction.
- Family-owned businesses are operated by a family, with decision-making controlled by family members.
- Modern business models include nickel-and-dime, freemium, e-commerce, subscription, aggregator, affiliate marketing, dropshipping, and network marketing.
- Consulting firms offer services based on expertise and charge clients based on hours or project completion.
- Social enterprises aim to create positive change while making a profit, with examples like Bayani Brew and Coffee for Peace in the Philippines.
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Description
Learn about the different stages in the industry chain including manufacturing, distribution, and retailing. Understand the roles of manufacturers, distributors, and retailers in satisfying consumer demand.
