Entrepreneurship (Chapter 4-5)

What is the best time for developing a business model?

• Before start-up launch

• After feasibility analysis

• After the financial analysis

• Before fleshing out company's operational details

_______ depict existing plans firms use to determine how they will create, deliver, and capture value.

• Disruptive business models

• Barringer/Ireland business model

• Standard business models

• Porter's business models

Which of the following are examples of advertising business model?

• eBay, uBid

• Airbnb, Uber

• Google, Facebook

• Whole Foods Markets, Zappos

Birchbox, Blue Apron, Netflix are examples of:

• Traditional Retailer Business Model

• Subscription Business Model

• Razor and Blades Business Model

• Low-Cost Business Model

Which of the following is the example of Freemium Business Model?

• Apple, Barnes & Noble

• Dropbox, Evernote

• Apple, Fitbit, Tesla Motors

• Game Consoles and Games

__________ disrupt or change the way business is conducted in an industry.

• Franchise Business Model

• Auction Business Model

• Disruptive Business Model

• Manufacturer/Retailer Business Model

Careem and Uber follow which business model

• Subscription Business Model

• Peer-to-Peer Business Model

• Franchise Business Model

• Low-Cost Business Model

______ describes how the firm plans to compete relative to its competitors.

• Business mission

• Basis of differentiation

• Core strategy

• Feasibility strategy

Which of the following is NOT an element of core strategy?

• Business Mission

• Product/Market Scope

• Resources

• Basis of Differentiation

_____ is business research that focuses on the potential of an industry.

• Feasibility analysis

• Industry analysis

• Competitor analysis

• Cost-profit anlysis