Business and Revenue Model Review

What does acquisition mean?

• To Gain

• To Keep

• To Lose

What does retention mean?

• To Gain

• To Sell

• To Keep

What is a Value Proposition

• A Value Proposition is a statement that focuses on the price of a product or service.
• A Value Proposition is a statement that highlights the flaws of a product or service.
• A Value Proposition is a statement that summarizes why a consumer should buy a product or use a service.

For Uber what were examples of a Value Proposition?

• Low Cost

• High Cost

• Low Inventory

Key Partners and Key Activities work together in the Business Model Canvas

• True

• False

Cost Structure are all Costs that go with running a business

• True

• False

Customer Relationships should be driven by which of the following

• Customer Retention & Acquisition

• Customer Acquisition

• Customers Having a Good Time

• Customer Retention

What is an example of how a business builds customer relationships

• Giving away Free Items

• Social Media

• Charging low prices

In The business model canvas what are revenue streams

• How a business gets started

• How a business loses money

• How a business makes money

All Recurring Revenue Models must be on a subscription or membership basis

• True

• False