module 1 part 2 - e-com

module 1 part 2 - e-com

12th Grade

15 Qs

quiz-placeholder

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module 1 part 2 - e-com

module 1 part 2 - e-com

Assessment

Quiz

Arts

12th Grade

Practice Problem

Medium

Created by

Jairo Roxas

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business model?

A document that describes a firm's business plan

A set of planned activities designed to result in a profit in a marketplace

A short two-to-three minute presentation aimed at convincing investors to invest

A digital marketplace where suppliers and commercial purchasers can conduct transactions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a value proposition define?

How the firm will earn revenue and generate profits

How a company's product or service fulfills the needs of customers

How a company offers its users content or services and charges a subscription fee

How a company uses its competitive advantages to achieve more advantage in surrounding markets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a revenue model?

A company offers its users content or services and charges a subscription fee for access to some or all of its offerings

A company receives a fee for enabling or executing a transaction

A company provides a forum for advertisements and receives fees from advertisers

A company derives revenue by selling goods, information, or services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market opportunity?

The set of activities performed in an industry or in a firm that transforms raw inputs into final products and services

The area of actual or potential commercial value in which a company intends to operate

The plan that details exactly how a company intends to enter a new market and attract new customers

The nature of the players in an industry and their relative bargaining power

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a competitive advantage?

A market in which there are no competitive advantages or asymmetries because all firms have equal access to all the factors of production

Occurs when one firm develops an advantage based on a factor that other firms cannot purchase

Exists whenever one participant in a market has more resources than other participants

Achieved by a firm when it can produce a superior product and/or bring the product to market at a lower price than most, or all, of its competitors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market strategy?

The plan you put together that details exactly how you intend to enter a new market and attract new customers

The nature of the players in an industry and their relative bargaining power

A set of activities a firm engages in to create final products from raw inputs

The difference between the price a firm is able to charge for its products and the cost of producing and distributing goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is seed capital?

Typically, an entrepreneur's personal funds derived from savings, credit card advances, home equity loans, or from family and friends

A company receives a fee for enabling or executing a transaction

A company offers its users content or services and charges a subscription fee for access to some or all of its offerings

A company derives revenue by selling goods, information, or services

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