WorksheetsBusiness Model Quiz
Total questions: 10
Worksheet time: 5mins
What is a business model?
A company’s plan for advertising
A company’s plan for making a profit
A company’s organizational chart
A company’s mission statement
Which of the following is NOT part of a business model?
Target market
Anticipated expenses
Employee benefits
Products or services
What is revenue?
The total money a business makes by selling things
The amount of money a business spends
The profit after all expenses
The total company assets
What are anticipated expenses?
Money that has already been spent
Future costs a business expects to pay
Profits made from sales
Company savings for emergencies
What is the purpose of a business model?
To identify what to sell, to whom, and how much it will cost
To track daily attendance
To train employees
To design company uniforms
Which of the following is a benefit of having a strong business model?
Reducing employee workload
Attracting investors and setting business goals
Avoiding competition entirely
Increasing taxes
What is the main focus of the Business Model Canvas?
Building and documenting business models
Calculating income tax
Managing employee benefits
Designing advertisements
Who does a retailer sell products to?
Only manufacturers
Directly to consumers
Only distributors
Only wholesalers
What describes a subscription business model?
Customers make one-time payments for products
Businesses provide free products for promotion
Customers pay regularly for continued access to goods or services
Companies sell raw materials to other businesses
What does a manufacturer primarily do?
Sells goods directly to customers without producing them
Repairs old goods for resale
Produces finished goods from raw materials using labor and machinery
Provides delivery services only
