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Questions and Answers
What is a business model?
What is a business model?
- The blueprint for a business's success (correct)
- The customer base of a business
- A physical structure of a business
- The raw materials used in manufacturing
According to Peter Drucker, what is a business model supposed to answer?
According to Peter Drucker, what is a business model supposed to answer?
- Where the company should locate its headquarters
- What value can be created for the customer at reasonable costs (correct)
- How many employees a company should have
- What color the company logo should be
What are the three parts of a business model?
What are the three parts of a business model?
- Product development, customer acquisition, and revenue generation
- Designing, marketing, and customer service
- Sourcing raw materials, manufacturing, and distribution (correct)
- Finance, human resources, and operations
Why is the business model important?
Why is the business model important?
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What does a manufacturer do?
What does a manufacturer do?
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What type of business model focuses on selling products through a web-store on the internet?
What type of business model focuses on selling products through a web-store on the internet?
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Which type of business model removes human interaction from each step of the sales funnel and simplifies offerings?
Which type of business model removes human interaction from each step of the sales funnel and simplifies offerings?
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Who resells products to the retailers or the public after buying them from manufacturers?
Who resells products to the retailers or the public after buying them from manufacturers?
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Which business model uses the parent business’s model and brand while paying royalties to it?
Which business model uses the parent business’s model and brand while paying royalties to it?
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What is the traditional business model where retailers, wholesalers, and manufacturers deal with customers face-to-face in an office or a store?
What is the traditional business model where retailers, wholesalers, and manufacturers deal with customers face-to-face in an office or a store?
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