Business Models

A social enterprise is...

• Traditional street side business that offers goods and services with face-to-face customer interaction.

• A business that has specific social objectives that serve its primary purpose.

• When a business sells to others the rights to distribute its goods and use the business name.

• A business that introduces or brings goods from one country to be sold in another.

The advantages of an import and export are...

• International sources will always pay more for Australian produce, such as beef, lamb and kangaroo. They also have a very reliable business structure as there are always major retailers or restaurants looking for cheaper or higher quality produce.

• - global access in any time of the day

  - easier communication between clients

  - faster delivery of products

  - more environmental (less paper waste)

  -able to manage the business from anywhere in the world

• - Personalised shopping Experience

  - Ability to preview products in person

  - Hassle free Returns

  - Easier to produce quick customer service

  - Ability to make more sales.

  - Easier to form close relationships with customers.

• -Employee and customer satisfaction

  -Enhanced reputation

The following characteristics are aligned with which business model...Traditional street side business that offers goods and services with face-to-face customer interaction.

This business model is commonly used for retail, manufacturing and wholesale.

Brick and Mortar business models allow people to physically inspect and test goods prior to purchasing.

These businesses have adapted to the online market growth by establishing an online presence, these are called bricks and clicks.

• Online Store

• Brick and Mortar

• Social Enterprise

• Franchise

• Import and Export

Provide an example of an Online-Only business...

You cannot answer 'ASOS.'

Which type of business has the following Key Characteristic:

- Self-sustaining. Relying on donor aid and funding isn’t practical any more as policies from around the world are limiting the amount of aid organizations receive. It is important that any enterprise adopts strategy which ensures it is self sustaining.

• Brick and Mortar

• Import and Export

• Social Enterprise

• Online Business

• Franchise

The following characteristic is a key element of which business...

- Avoid many expenses, no need for rent, no need to pay employees.

• Brick and Mortar

• Franchise

• Import and Export

• Online Business

• Social Enterprise

The Thank-You Group is an example of what type of business model?

• Online

• Social Enterprise

• Brick and Mortar

• Import and Export

• Franchise Agreement

When purchasing a Franchise, what does the business owner receive? (more than one answer)

• A successful business formula

• A well recognised name

• Established trademarks

• Personalised shopping Experience

What are some disadvantages to establishing an online business?