Business Case Study Test (11 libertad)

Jackson opened a video rental store similar to Blockbuster, but his business struggled. What was one major reason for Blockbuster’s failure that Jackson should learn from?

• Too many online services

• Failure to adapt to digital trends

• Lack of customers

• Poor product quality

Imagine Blockbuster is approached by Netflix with an offer to collaborate. Why did Blockbuster reject Netflix’s offer?

• They lacked money

• They underestimated streaming

• Legal issues

• They preferred partnerships

Olivia is starting a new eyewear company and wants to reduce costs for her customers. She looks at different business models and decides to use the same model that Warby Parker used. What business model did Olivia choose?

• Franchise model

• Direct-to-consumer

• Wholesale distribution

• Subscription model

Harper was frustrated by how expensive it was to buy new glasses. What problem did Warby Parker aim to solve?

• Lack of online stores

• Expensive eyewear

• Poor vision technology

• Shipping delays

Liam is shopping for new glasses and wants to try them before buying. He discovers a company that lets customers try on glasses at home before making a purchase. What was a key innovation by Warby Parker?

• Free repairs

• Home try-on program

• Late fees

• Store-only sales

Samuel is running a video rental store similar to Blockbuster. He notices that despite steady customer visits, the store is struggling financially. What is most likely causing this issue?

• Low employee wages

• Too many digital tools

• High operational costs

• Limited inventory

Mia is looking to buy glasses online but is unsure about trusting a new company. What feature helped Warby Parker gain customer trust?

• Discounts only

• Home try-on program

• TV commercials

• Expensive branding

Imagine Blockbuster is deciding how to stay competitive in the movie rental business. What mistake did Blockbuster leadership make?

• Hiring too many employees

• Ignoring customer preferences

• Opening too few stores

• Overusing technology

Hannah is researching how Warby Parker managed to grow its business. Which approach did Warby Parker use to scale?

• Only online

• Only physical stores

• Online + physical stores

• Franchising only

Imagine Luna is deciding where to rent movies. She notices that Netflix offers digital streaming innovation, while Blockbuster relies on physical stores. What advantage did Netflix have over Blockbuster?

• More stores

• Lower product quality

• Digital streaming innovation

• Higher prices