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Questions and Answers
What is a business model?
What is a business model?
- A company's plan for breaking even
- A company's plan for making a profit (correct)
- A company's plan for making a loss
- A company's plan for expanding its workforce
What is the value proposition in a business model?
What is the value proposition in a business model?
- A strategy for attracting investors
- A description of the goods or services that a company offers and why they are desirable to customers or clients (correct)
- A plan for reducing expenses
- A description of the company's target market
What are the two levers of a business model?
What are the two levers of a business model?
- Costs and distribution
- Marketing and distribution
- Pricing and costs (correct)
- Pricing and marketing
Which of the following is a benefit of having a well-defined business model?
Which of the following is a benefit of having a well-defined business model?
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Who can benefit from understanding a company's business model?
Who can benefit from understanding a company's business model?
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What is the purpose of a business model?
What is the purpose of a business model?
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