CIE L1 M6

“Tasks to do” comes under which segment in the BMC?

• Key Partners

• Key Activities

• Key Resources

•  Value Proposition
  

What is the difference between Customer Relations and Channel in the BMC?

• Customer relation is about how you reach the customer and channel is how you’ll sell your product

• Channel is about how you will reach the customer and customer relation is about how customers interact with the product

• Customer relation is how you will connect with the customer and channel is how you will reach the customer

• Channel is how you will connect with the customer and customer relation is how you will reach the customer

The cost structure is how you structure costs to make your product.

True or False

• True

• False

BMC is a:

• living document because your idea keeps changing

• dead document because you can’t change it

•  living document because it keeps updating

•  living document because it breathes

Which of the following is a type of customer relation?

• Mass Market

• Diversified

• multi-sided platform

• automated services

What does feasibility in BMC NOT mean?

• What will you borrow?

• Will people buy?

• What will it cost?

• How will you build?

Which of the following is NOT one of the building blocks of the Business Model Canvas?

• Cost Structure

• Revenue Streams

• Market Analysis

• Channels

What is the primary purpose of a Value Proposition in a business model?

• To outline the cost structure of the company.

• To identify the target market and customer segments.

• To describe the key resources required for business operations.

• To communicate the unique value a product or service offered to customers

Choose all the components of the Business Model Canvas (BMC) that fall within the Desirability category.

• Value proposition

• Channels

• Key Activities

• Key Partners

• Revenue streams

ABC Tech Solutions is a start-up that offers software development services. They have developed a unique platform that connects freelance developers with businesses looking to outsource their projects. They charge a commission fee for successful project placements. Which Business Model Canvas element does this scenario best describe?

• Customer Segments

• Value Proposition

• Key Partnerships

• Revenue Streams

• Channels