Podcast
Questions and Answers
What is the primary purpose of a business model?
What is the primary purpose of a business model?
- To generate a profit (correct)
- To attract customers
- To minimize costs
- To establish an online presence
What is an advantage of online businesses compared to traditional brick and mortar stores?
What is an advantage of online businesses compared to traditional brick and mortar stores?
- Increased customer interaction
- More product storage capacity
- Enhanced market visibility
- Lower startup costs (correct)
What type of online business model generates revenue through advertisements?
What type of online business model generates revenue through advertisements?
- Merchant
- Advertising-based (correct)
- Freemium
- Brokerage
What is a characteristic of brick and mortar businesses?
What is a characteristic of brick and mortar businesses?
What is an example of a freemium business model?
What is an example of a freemium business model?
Why do businesses establish new business models or adapt existing ones?
Why do businesses establish new business models or adapt existing ones?
What is the term used to describe businesses that utilize both online and physical stores?
What is the term used to describe businesses that utilize both online and physical stores?
What is the role of intermediaries in a distribution channel?
What is the role of intermediaries in a distribution channel?
What is the advantage of a direct-to-consumer business model?
What is the advantage of a direct-to-consumer business model?
What is a franchise?
What is a franchise?
What is an import?
What is an import?
What happens to imports when the exchange rate is higher?
What happens to imports when the exchange rate is higher?
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