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Questions and Answers
What does a business model describe at its basic level?
What does a business model describe at its basic level?
- How the company will manage its social media presence
- How the company will deliver value to customers (correct)
- How the company will attract investors
- How the company will hire employees
Which dimension is defined by the target customer and their needs?
Which dimension is defined by the target customer and their needs?
- HOW
- WHO (correct)
- VALUE
- WHAT
What is the purpose of a Business Model Canvas for a startup?
What is the purpose of a Business Model Canvas for a startup?
- To create a complex organizational structure
- To map changes and improve the existing business model (correct)
- To build an elaborate traditional business plan
- To identify potential investors
Why is it important for a company to identify resources in the business model?
Why is it important for a company to identify resources in the business model?
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What does a deep understanding of customers' needs and company's value proposition help achieve?
What does a deep understanding of customers' needs and company's value proposition help achieve?
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