
Business Models
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Medium
Jessica Mathewes
Used 4+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Provide an example of an Online-Only business...
You cannot answer 'ASOS.'
Evaluate responses using AI:
OFF
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Thank-You Group is an example of what type of business model?
Online
Social Enterprise
Brick and Mortar
Import and Export
Franchise Agreement
8.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
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
9.
OPEN ENDED QUESTION
3 mins • 1 pt
What are some disadvantages to establishing an online business?
Evaluate responses using AI:
OFF
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