Podcast
Questions and Answers
What is the essential reason for the existence of a business entity?
What is the essential reason for the existence of a business entity?
- Features
- Benefits
- Business concept (correct)
- Business model
Which element of the business concept focuses on catching the attention of potential customers?
Which element of the business concept focuses on catching the attention of potential customers?
- Distributorship
- Features (correct)
- Benefits
- Manufacturing
In the context of the business model, what does a retail business model engage in?
In the context of the business model, what does a retail business model engage in?
- Buying products from a distributor
- Selling directly to the public after buying from a distributor or wholesaler (correct)
- Transforming raw materials into a finished product
- Using the parent business model instead of creating a new product
What type of business model transforms raw materials into a finished product and may sell directly to a consumer or a middleman?
What type of business model transforms raw materials into a finished product and may sell directly to a consumer or a middleman?
What is the conceptual structure that explains how a business operates and intends to achieve its goals?
What is the conceptual structure that explains how a business operates and intends to achieve its goals?
In describing the benefits of a product or service, what should be the focus?
In describing the benefits of a product or service, what should be the focus?
What does a distributorship business model involve?
What does a distributorship business model involve?
Which type of business model uses the parent business model instead of creating a new product?
Which type of business model uses the parent business model instead of creating a new product?
In the context of essential elements of a business concept, what is important in describing the specification of the product or service?
In the context of essential elements of a business concept, what is important in describing the specification of the product or service?
What type of business model purchases products from manufacturers and sells them to retailers or the public?
What type of business model purchases products from manufacturers and sells them to retailers or the public?
What is the main purpose of a product description?
What is the main purpose of a product description?
What is the focus of a display prototype?
What is the focus of a display prototype?
Which type of prototype is a smaller version focused on functional and display aspects?
Which type of prototype is a smaller version focused on functional and display aspects?
What does labelling provide to customers?
What does labelling provide to customers?
Which step comes first in building the product's prototype?
Which step comes first in building the product's prototype?
What is the main characteristic of a throwaway prototype?
What is the main characteristic of a throwaway prototype?
What aspect does the brand label provide information about?
What aspect does the brand label provide information about?
Which type of prototype is designed to imitate the function of the real product as closely as possible?
Which type of prototype is designed to imitate the function of the real product as closely as possible?
What is the purpose of evolutionary prototype?
What is the purpose of evolutionary prototype?
What is the focus of labeling on the product or package?
What is the focus of labeling on the product or package?
What is the main purpose of prototyping?
What is the main purpose of prototyping?
Which type of prototype is focused more on the appearance rather than the functions?
Which type of prototype is focused more on the appearance rather than the functions?
What does a brand label provide information about?
What does a brand label provide information about?
What is the focus of a throwaway prototype?
What is the focus of a throwaway prototype?
In building the product's prototype, what comes after developing a virtual prototype?
In building the product's prototype, what comes after developing a virtual prototype?
What is the main characteristic of an evolutionary prototype?
What is the main characteristic of an evolutionary prototype?
What does labeling provide to customers?
What does labeling provide to customers?
What is the first step in building the product's prototype?
What is the first step in building the product's prototype?
What is the main function of enzymes in biochemical reactions?
What is the main function of enzymes in biochemical reactions?
In which process is acetaldehyde the first product and ethanol the last?
In which process is acetaldehyde the first product and ethanol the last?
What is the composition of the cell membrane?
What is the composition of the cell membrane?
Which process involves the movement of molecules from an area of high concentration to an area of low concentration?
Which process involves the movement of molecules from an area of high concentration to an area of low concentration?
What is the role of ATP in cellular processes?
What is the role of ATP in cellular processes?
What is the main byproduct of alcohol fermentation?
What is the main byproduct of alcohol fermentation?
Where does osmosis occur?
Where does osmosis occur?
What is the relative concentration of solutes and solvents separated by the cell membrane?
What is the relative concentration of solutes and solvents separated by the cell membrane?
What is the type of respiration that occurs in the absence of oxygen?
What is the type of respiration that occurs in the absence of oxygen?
What process involves the combination of glucose and oxygen to produce CO2, H2O, and energy?
What process involves the combination of glucose and oxygen to produce CO2, H2O, and energy?
