Business Model Quiz (Recorded)

What is a business model?

• A formal document with financial projections

• A list of daily business tasks

• A framework showing how a company creates, delivers, and captures value

• A list of investors and stakeholders

Which of the following is NOT part of the four core parts of a business model?

• Customers

• Offering

• Product quality

• Financial viability

What is the purpose of the customer value proposition?

• To calculate profit margins

• To identify competitors

• To explain how your product helps customers do something more effectively or easily

• To promote employee retention

Which part of the business model includes people, technology, and partners?

• Customers

• Offering

• Infrastructure

• Financial Viability

What distinguishes a business model from a business plan?

• Business plan has more graphics

• Business model is more detailed

• Business plan supports the business model with steps and financial data

• Business model supports legal documentation

What business model is used by Netflix and HelloFresh?

• Freemium Model

• Bundling Model

• Subscription Model

• Retailer Model

Which business model involves giving away a product for free but charging for premium features?

• Razor blades model

• Freemium model

• Franchise model

• Crowdsourcing model

Which company failed to adapt to new smartphone trends and lost market share?

• Amazon

• BlackBerry

• Google

• Uber

What is the focus of the 'razor blades' business model?

• Selling physical stores

• Renting items

• Offering a cheap base product and making profit on accessories

• Selling subscriptions only

Which block in the Business Model Canvas describes how the company makes money?

• Value Proposition

• Key Activities

• Revenue Streams

• Customer Segments