Business Strategy and Models Quiz week 2

Is strategy defined as a long-term plan for achieving specific goals in a dynamic environment?

• Correct

• incorrect

Does the Business Model Canvas provide a visual framework for describing, analyzing, and designing business models?

• it is a operational overview of the business

• Yes, it correct

• Yes, excluding analyzing

Is Advertising a type of business strategy?

• yes

• no

Is Crowdsourcing a type of business model?

• yes

• maybe

• No

Is Subscription a type of business model?

• yes

• no

Does disintermediation refer to the removal of intermediaries in a supply chain, thus allowing for direct transactions between producers and consumers?

• No

• Yes

Is a value proposition a statement that describes why a customer should buy a product or service?

• yes

• No

Is a service concept a shared and articulated understanding of the nature of the service provided and received?

• No
• Not sure
• Maybe
• Yes

Are intangibility, heterogeneity, inseparability, and perishability =characteristics of services?

• No
• only intangibility and heterogeneity

• Yes
• Not sure

Does servitization refer to the process of adding services to a product to create additional value for customers?

• Maybe
• only add value to business not to customers

• No
• Yes