Business Model Quiz 1-7

What is a business model?

• A business model is a marketing strategy used to attract customers.

• A business model is a document that outlines a company's financial projections.

• A business model is a legal framework that governs how a company operates.

• A business model is a framework that describes how a company creates, delivers, and captures value.

Which of the following is not a type of business model?

• Entrepreneur

• Employee

• Non-profit

• Franchise

What are the key components of a business model?

• customer testimonials, competitor analysis, market research, pricing strategy

• value proposition, target customer segment, channels, customer relationship, revenue streams, key resources, key activities, key partnerships, and cost structure

• branding, social media presence, customer loyalty programs, distribution channels

• product features, marketing strategy, employee satisfaction, financial projections

Which business model is characterized by offering products or services for free and generating revenue through advertising?

• subscription-based model

• pay-per-click model

• advertising-supported model

• freemium model

Which of the following is an example of a successful business model?

• Netflix's streaming service.

• Uber's ride-sharing platform.

• Amazon's e-commerce platform

• Facebook's social media platform.

Which business model involves selling products or services directly to customers without the need for intermediaries?

• Direct selling

• Business-to-consumer (B2C)

• Direct-to-consumer (D2C)

• Business-to-business (B2B)

What is a value proposition in a business model?

• A value proposition in a business model is a statement that describes the unique benefits or value that a product or service provides to its customers.

• A value proposition in a business model is a statement that describes the company's financial goals.

• A value proposition in a business model is a statement that describes the target market for a product or service.

• A value proposition in a business model is a statement that describes the cost of a product or service.

Which business model involves charging customers a recurring fee for access to a product or service?

• Subscription model

• One-time purchase model

• Freemium model

• Pay-per-use model

What is a revenue stream in a business model?

• Sources of income or cash flow generated from products or services.

• Techniques for managing employee productivity in a business model.

• Strategies for increasing customer satisfaction in a business model.

• Methods of reducing expenses in a business model.

Which business model involves granting individuals or companies the right to operate under a company's brand and sell its products or services?

• Licensing

• Outsourcing

• Joint venture

• Franchising