12 Questions
What is the primary purpose of listing key resources in a business?
To operate and run the business effectively
What is an example of a key activity in Mary's fruit shake stand?
Operating the fruit stand based on the operation value proposition
Which business model involves integrating both online and offline presence?
Bricks and clicks
What is the primary benefit of the direct selling model?
It is easy and cheap to implement
What is an example of a value-added reseller model?
Buying notebooks and reselling them with more artistic and attractive covers
What is the primary purpose of franchising?
To use another firm's successful business model in exchange for a royalty or franchise fee
What is the primary purpose of a Business Model?
To describe how a business creates, delivers, and captures value
What is the Value Proposition of a business?
The reason a customer buys a product or service
What is the primary purpose of identifying a business's Distribution Channel?
To choose the most convenient means of reaching customers
Why is it important to identify a business's customers?
To identify their needs and create a product or service that meets those needs
What is the role of a business's customers in its profitability?
They are the reason a business is creating a product or service
What is the purpose of using the Business Model Canvas?
To help develop a business's Business Model
Learn about the fundamentals of business models, including how businesses create, deliver, and capture value. This quiz covers the basics of business models and how they operate to provide value to customers.
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