Session 136 L2 quiz 2

Business Model refers to the plan of the company to earn profits.

• True

• False

In a business model, a variety of factors have to be considered like the product or service offered and ______.

• Customers

• Costs

• Resouces

• All of the above

The Business Model Canvas is a strategic management tool used for ________ the key elements of a business model.

• Visualizing

• Designing

• Documenting

• All of the above

Which is the first building block in the business model canvas?

• Channels

• Value propositions

• Customer segments

• Customer relationships

There are _____ building blocks of a business model canvas.

• Eight

• Nine

Ken suggested to Kelly that she should differentiate her product from others in the market. What is the technical term used for this?

• Unique Selling Point

• Unique Selling Path

Unique Selling Point is also known as Unique Selling Proposition.

• True

• False

These are some others important key elements of the business model canvas:

• Testing the business model

• Cost structure

• Revenue segments

• All of the above