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Understanding Business Models

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Questions and Answers

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?

HOW

WHO (correct)

VALUE

WHAT

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?

<p>To analyze and list all resources required to create a product</p> Signup and view all the answers

What does a deep understanding of customers' needs and company's value proposition help achieve?

<p>Make a business profitable in the long run</p> Signup and view all the answers

Understanding Business Models

Choose a study mode

Podcast

Questions and Answers

What does a business model describe at its basic level?

Which dimension is defined by the target customer and their needs?

What is the purpose of a Business Model Canvas for a startup?

Why is it important for a company to identify resources in the business model?

What does a deep understanding of customers' needs and company's value proposition help achieve?

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