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Unit 1 - Business Management - Business Models - 3.9

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

A Business model is...

a)

the legal structure used by the business

b)

the location choice of the business

c)

the way the business will run its operations to generate profit

d)

the choice of finance options used by the business

2.

Freemium, brokerage and merchant business are all using the business model.....

a)

bricks and mortar

b)

social enterprise

c)

franchise

d)

online presence

3.

A business who sells large volume of goods to retailers is operating which model?

a)

online

b)

wholesale

c)

franchise

d)

Bricks and mortar

4.

A business that produces physical products often in a factory is operating which business model?

a)

franchise

b)

bricks and mortar

c)

manufacturing

d)

online

5.

The most traditional form of Business Model is?

a)

online

b)

wholesale

c)

bricks and mortar

d)

franchise

6.

If your business model has a physical presence and is visible to customers then you are which common model?

a)

franchise

b)

bricks and mortar

c)

online

d)

manufacturing

7.

If your business model includes retail, manufacturing and wholesale then you are which model?

a)

online

b)

import

c)

social enterprise

d)

bricks and mortar

8.

The business model that offers physical shopping and online shopping is?

a)

bricks and mortar

b)

bricks and clicks

c)

online

d)

social enterprise

9.

A business model that is aimed at improving the wellbeing of others through its business activities is...

a)

a franchise

b)

a bricks and mortar shop

c)

a social enterprise

d)

an online business

10.

When you are granted the rights to use the business name and distribute its goods or services is called a

a)

company

b)

sole proprietor

c)

partnership

d)

franchise

11.

The owner of the original business concept that licenses another business to use its name and distribute its products in exchange for a royalty payment is the...

a)

Franchisor

b)

Franchisee

c)

Owner

d)

Shareholder

12.

The business that is licensed to operate under the name of an existing business and distribute its goods and services is called...

a)

Franchisor

b)

Franchisee

c)

Owner

d)

Shareholder

13.

Goods and services produced overseas and sold to Australian Consumers are called...

a)

Consumable Items

b)

Products/Goods

c)

Exports

d)

Imports

14.

Goods and services that are produced in Australia and are sold overseas are called...

a)

consumable items

b)

goods/services

c)

Exports

d)

Imports