Let’s Get Quizzical

Let’s Get Quizzical

11th Grade

7 Qs

quiz-placeholder

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Let’s Get Quizzical

Let’s Get Quizzical

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Karma Lhamo

Used 1+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which business model does the primary transaction occur digitally, facilitating the exchange of goods or services without physical presence, often involving platforms like Amazon?

freemium

e-commerce

blockchain

subscription

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which business model is defined by decentralized transaction verification and record-keeping across multiple computers, ensuring security and transparency, as exemplified by cryptocurrencies?

e-commerce

subscription

franchise

blockchain

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In what type of business model does a company partner with various providers to collect and sell their services or products under its own brand, effectively serving as an intermediary without owning the actual products?

subscription

aggregator

crowdsourcing

e-commerce

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which business model grants individuals or entities the right to operate under a well-established brand while utilizing its proprietary knowledge and processes, thereby facilitating local entrepreneurship?

freemium

franchise

aggregator

subscription

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which business model do consumers initially receive limited access to services at no cost, with the expectation that they will later opt for premium features that require payment, thus creating a dual-tiered revenue system?

freemium

franchise

crowdsourcing

subscription

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which business model relies on the strategic mobilization of a broad user community to innovate and generate value through shared contributions, as demonstrated by initiatives like Lay’s "Do Us a Flavor"?

Blockchain

Subscription

Crowdsourcing

E-Commerce

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following business models is characterized by customers paying a recurring fee for continuous access to goods or services, rather than making one-time purchases?

Aggregator

E-Commerce

Subscription

Crowdsourcing

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