business model canvas

What is the value proposition in a business model canvas?

• The pricing mechanisms

• The bundles of products and services that create value for customers

• The key resources in the business model

• The types of relationships with customers

How do low-cost airlines save money through their choice of channels?

• Selling only through physical stores

• Selling only through TV commercials

• Selling only through call centers and the internet

• Selling only through social media

How do low-cost airlines reduce maintenance and training costs?

• By flying to expensive airports

• By using a single aircraft model for the whole fleet

• By having long turnarounds

• By using multiple aircraft models

What is the key partnership strategy of low-cost airlines?

• Partnerships with travel industry companies

• Partnerships with food delivery services

• Partnerships with technology companies

• Partnerships with fashion brands

What is the main revenue stream for low-cost airlines according to the video?

• Charging for in-flight entertainment

• Selling merchandise on board

• Charging for seat selection

• Charging additional fees on items like food and drink

What is the purpose of iterating many business models and testing them quickly according to the video?

• To stick with the initial model

• To avoid making changes

• To explore different options

• To find the perfect model