Traditional Business Models

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What is the primary goal of a manufacturer in the business model?

To make a profit by selling finished products (correct)

To distribute products to wholesalers

To purchase noncompeting products or product lines

To exhibit products via brick and mortar stores

What is the primary role of a franchisor?

To act as a middleman between the supplier and the franchisee

To manage the day-to-day operations of the franchisee

To provide access to proprietary knowledge, processes, and brand trademarks (correct)

To provide financial assistance to the franchisee

What type of business entity purchases noncompeting products or product lines?

Wholesaler

Manufacturer

Retailer

Distributor (correct)

Which of the following is an example of a brick-and-mortar business?

A dentist Signup and view all the answers

Which of the following is an example of a distributor?

Auto dealers Signup and view all the answers

What is the main advantage of the bricks-and-clicks model?

It allows customers to place orders online and pick up products from physical stores Signup and view all the answers

What is the primary role of a retailer in the business model?

To purchase products from wholesalers and sell to end consumers Signup and view all the answers

What is the primary characteristic of a high-touch business model?

It uses a lot of human interaction and involvement to provide personalized experience Signup and view all the answers

Which of the following companies spends a significant part of its revenue on maintaining a proper distribution?

Unilever Signup and view all the answers

What is the primary characteristic of a family-owned business?

It is owned and operated by a family Signup and view all the answers

What type of platform do retailers use to exhibit products, aside from brick and mortar stores?

3rd party E-commerce platforms Signup and view all the answers

Which of the following companies is an example of a direct sales business?

Avon Signup and view all the answers

Traditional Business Models

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Questions and Answers

What is the primary goal of a manufacturer in the business model?

What is the primary role of a franchisor?

What type of business entity purchases noncompeting products or product lines?

Which of the following is an example of a brick-and-mortar business?

Which of the following is an example of a distributor?

What is the main advantage of the bricks-and-clicks model?

What is the primary role of a retailer in the business model?

What is the primary characteristic of a high-touch business model?

Which of the following companies spends a significant part of its revenue on maintaining a proper distribution?

What is the primary characteristic of a family-owned business?

What type of platform do retailers use to exhibit products, aside from brick and mortar stores?

Which of the following companies is an example of a direct sales business?

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