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WorksheetsIntroduction to Business Model Canvas
Total questions: 10
Worksheet time: 6mins
Name
Class
Date
1.
The Business Model Canvas, introduced by Osterwalder (2008) is a method of analyzing, designing, strategizing and testing a business model based on nine business areas.
a)
True
b)
False
2.
Customer segments refer to the target people and/or organizations you are offering value proposition.
a)
True
b)
False
3.
Value is provided through various elements such as newness, performance, customization, reliability in ‘getting the job done’, design, brand, price, cost reduction, risk reduction, accessibility, and convenience.
a)
True
b)
False
4.
Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost-effective.
a)
True
b)
False
5.
Key partners are the network of suppliers and partners that make the business model work. Companies forge partnerships to optimize business models, reduce risk, and acquire resources.
a)
True
b)
False
6.
Key activities are activities that a company must do in order to make its business model work.
a)
True
b)
False
7.
Key resources are the most important assets needed to make a business model work. Every business model requires them, and it is only through them that companies generate value propositions and revenues.
a)
True
b)
False
8.
Revenue streams represent the cash a company generates from each customer/product segment.
a)
True
b)
False
9.
The quality of discussion and business strategies development for a business model canvas do not depend on the quality of input from participants.
a)
True
b)
False
10.
Business concept, models, objectives, strategies and a detailed project implementation plan for marketing, operation and finance can be developed through Business Model Canvas Chart.
a)
True
b)
False
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