Business Models Quiz 1st trial

What is a business model primarily concerned with?

• Product design

• Employee satisfaction

• Profit-making plan

• Market research

Which of the following is NOT a component of a business model?

• Employee training programs

• Target customer base

• Marketing strategy

• Value proposition

What is the purpose of a value proposition in a business model?

• To analyze competition

• To identify potential investors

• To describe the goods or services offered

• To outline the company's financial goals

Which business model involves charging customers based on usage?

• Franchise

• Subscription

• Pay-as-You-Go

• Freemium

What type of business model is exemplified by Costco?

• Manufacturer

• Retailer

• Marketplace

• Brokerage

Which business model is characterized by selling a product below cost to generate sales of a companion product?

• Razor Blade

• Bundling

• Freemium

• Affiliate

What is a common feature of subscription-based business models?

• Free trials only

• Ongoing payments for continued access

• One-time payment

• No customer loyalty

Which of the following is an example of a fee-for-service business model?

• Domino's Pizza

• eBay

• DLA Piper LLP

• Spotify

What does the term 'freemium' refer to in business models?

• Free products with no upgrades

• Basic services offered for free with paid upgrades

• High-cost products with low demand

• Exclusive membership programs

Which business model connects buyers and sellers without directly selling goods?

• Retailer

• Manufacturer

• Brokerage

• Franchise