Chp 4 BMC

What is the concepts of the Business Model Canvas (BMC) in entrepreneurship?

• To increase profits directly by managing finances

• To replace a company’s business plan entirely

• To visualize, design, and assess the structure of a business model

• To create marketing campaigns for customer acquisition

Which of the following is a core aspect of the Value Proposition for a banking service according to the Business Model Canvas?

• High transaction fees

• Complex processes

• Limited customer support

• Convenient banking and security

In the Cost Structure section, which of these would typically be considered a variable cost for a service-oriented business?

• Marketing and customer acquisition

• Fixed office rent

• Product pricing model

• Profit-sharing agreements

For a business model focused on banking services, which of these is an example of a revenue stream?

• Development costs

• Partnership fees and transaction fees

• Office utilities

• Product testing

What does the "Value Proposition" in a Business Model Canvas primarily describe?

• The steps needed for product development

• The unique benefits and value the product or service offers to meet customer needs

• The target audience’s age and income

• The cost of acquiring new customers

In a Business Model Canvas, what does the "Cost Structure" focus on?

• The roles and responsibilities of team members

• The revenue potential of various customer segments

• The methods used to acquire and retain customers

• The types and amounts of expenses required to run the business

In the context of a Business Model Canvas, what does "Revenue Streams" refer to?

• The list of key activities required to operate the business

• The primary ways a business attracts new customers

• The specific methods a business uses to generate income from its products or services

• The analysis of competitor revenue models

"how you do it ?"

• channel distributions

• key activities

• key resources

• value proposition

netflix's key resources

• content library

• content producers

• marketing and subscriber acquisition

• device manufactures

important action a business must perform to deliver function effectively

• customer segments

• customer relationships

• key resources

• key activities