Understanding Business Models Quiz
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Questions and Answers

What does a business model describe?

  • The products or services the business plans to sell, its identified target market, and any anticipated expenses (correct)
  • The company's office locations
  • The personal goals of the company's CEO
  • The company's history and background

    • What are Key Partners in a business model?

  • The main financial backers of the company
  • Relationships with other businesses, governmental, or non-consumer entities that help the business model work (correct)
  • The primary customers of the business
  • The company's top executives and managers

    • What does Value Proposition refer to in a business model?

  • The value a company promises to deliver to customers should they choose to buy their product (correct)
  • The company's stock market performance
  • The financial forecast for the upcoming year
  • The number of employees in the company

    • What are Key Resources in a business model?

    <p>The most important assets needed to make a business model work</p> Signup and view all the answers

    What are Key Activities in a business model?

    <p>Any activities that the business is engaged in for the primary purpose of making a profit</p> Signup and view all the answers

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