Business Models

Business Models

11th Grade

8 Qs

quiz-placeholder

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Business Models

Business Models

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Johnathon Ryan

Used 7+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business model is:

Something that walks down the runway.

A business that allows someone to sell its goods and services.

The way in which a business will run its operations.

Products that are bought from overseas.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of choosing to run as an online business is...

Customers could potentially get scammed.

Lower expenses than a bricks and mortar business.

Customers can see the product before they purchase it.

Is expensive to setup.

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Something that should be considered before deciding on a business model is...

What is the main goal of the business.

Which government is in power at the time.

Who is the target market.

Exchange rate.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of choosing to run a franchise?

Can be expensive to run, due to franchise and advertising fees.

Is 3 times more successful on average than a normal business.

Bank sees a franchise as less risky.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 4 types of online business models are?

Merchant, Brokerage, import/export, freemium.

advertising-based, brokerage, bricks & mortar and social enterprise.

freemium, brokerage, bricks & mortar and social enterprise.

advertising-based, freemium, brokerage, merchant

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are reasons import/export businesses are thriving in recent years. (Choose multiple)

Reduced trade barriers.

COVID-19

Tighter government restrictions.

Improved technology.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bricks & Mortar businesses typically are broken down into which of the following?

retail, wholesale and manufacturing

retail, wholesale and marketing.

retail, wholesale and magnificent.

retail, wholesale and magic.

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of bricks & mortar is?

customers are able to view the product prior to purchasing.

cheaper than online.

easy to compete with online prices.