1-7 Business Models Review

A business model is how a company sells its products to customers and it’s plan for making a __________.

• expense

• invention

• profit

• sales forecast

A manufacturer makes finished products from raw materials and is a type of:

• business ownership

• business model

• business plan

• franchise

Selling your product directly to your end customers without third-party retailers, wholesalers, or other middlemen is called:

• Wholesaler

• Bricks-and-clicks

• Nickel-and-Dime

• Direct to Consumer (D2C)

A distributor buys products from _______________ and resells them either to wholesalers, retailers or the public.

• retailers

• manufacturers

• freemium

• consumers

A _______________ buys products from a manufacturer, distributor, and/or wholesaler and sells directly to the consuming public.

• retailer

• middleman

• blockchain

• auction house

There are two types of retailers, Bricks-and-Mortar retailers and _____________ retailers.

• Distributor

• Wholesaler

• Subscription

• Online

E-Commerce is an electronic medium to facilitate the buying and selling of products and services by businesses and consumers, and can support this approach to business:

• Business to Business (B2B)

• Business to Consumer (B2C)

• Consumer to Consumer (C2C)

• All of these

McDonalds and Subway are examples of a ____________ business model.

• E-Commerce

• Multilevel Marketing

• Franchise

• Direct Sales

A local bank or hardware store are examples of a _____________ business model.

• Bricks-and-Mortar

• Bricks-and-Clicks

• Wholesaler

• Aggregator

Dollar Tree and low-cost air carriers are examples of the following business model:

• Online Marketplace

• Nickel-and-Dime

• Agency

• Affiliate Marketing