Business Models Quiz

What is a business model?

• A company's plan for making a profit

• A type of investment strategy

• A financial statement

• A marketing campaign

Which of the following is an example of a subscription business model?

• eBay

• Ford Motor Company

• Spotify

• Costco Wholesale

What does the term 'value proposition' refer to in a business model?

• The cost of goods sold

• The description of goods or services offered

• The target market

• The company's revenue streams

Which business model involves selling a durable product below cost?

• Razor Blade

• Brokerage

• Franchise

• Marketplace

What is a key component that businesses should regularly update?

• Their product line

• Their employee handbook

• Their business model

• Their marketing strategy

Which of the following is NOT a type of business model mentioned?

• Fee-for-Service

• Freemium

• Direct Sales

• Crowdfunding

What is the primary lever of a business model?

• Marketing and sales

• Customer service

• Pricing and costs

• Product development

Which company is an example of a brokerage business model?

• Amazon

• Nike

• Spotify

• Re/Max

What is the purpose of evaluating a company's gross profit?

• To assess market trends

• To evaluate the success of a business model

• To analyze customer feedback

• To determine employee satisfaction

What does the 'Freemium' model aim to do?

• Sell products at a discount

• Attract customers with free services

• Bundle products together

• Charge a fixed fee for services