UHAK1032-BMC

The unique value the product provides over its competitors and why a customer should pick one product over another, is called:

• Revenue
• Customer service
• Value proposition
• Business model

The business model canvas allows for easy, visual representation for decision makers.

• True
• False

These are the categories in which we can classify key partners:

• Strategic alliances, coopetition, joint-ventures and buyer-supplier relationships.
• Strategic alliances, coopetition, joint-ventures and human resources.
• Strategic alliances, coopetition, optimization and buyer-supplier relationships.
• None of the previous options.

The medium through which an organization provides its value proposition to its customer segment is known as:

• Customer relationships
• Channel
• Customer segments 
• Key resources

Mass market, niche market, segmented, diversified and multi-sided markets are all examples of:

• Customer segments
• Value proposition
• Key resources
• Business model

Customer segments refer to the target people and/or organizations you are offering value proposition

• true

• false

Facebook marketplace is one of the example of chanelling a product online. Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost-effective. TRUE or FALSE

• true

• false

KEY ACTIVITIES are activities that a company must do in order to make its business model work

• true

• false

What is another word for costs?

• Revenue

• Budget

• Expences

• Modal

Define the word "revenue"

• profit

• money coming in

• cost

• budget