Have an account?
Skip to Content
Build your own quiz
Other
University
Chapter 4:Developing an Effective Business Model (L6)
14 questions
Show Answers
See Preview
- 1. Multiple Choice
1) A ________ is a firm's plan or recipe for how it creates, delivers, and captures value for its stakeholders.
A) commercialization plan
B) business model
C) business plan
D) launch plan
E) tactical model
- 2. Multiple Choice
2) The two general categories of business models are ________ and ________.
A) normal; unique
B) standard; disruptive
C) ordinary; revolutionary
D) customary; unique
E) ordinary; disruptive
- 3. Multiple Choice
3) ________ business models depict existing plans or recipes firms can use to determine how they will create, deliver, and capture value for their stakeholders.
A) Revolutionary
B) Normal
C) Customary
D) Disruptive
E) Standard
- 4. Multiple Choice
4) Brandon Jones has crafted a business model for his firm that is based on an existing plan or template for how firms in his industry create, deliver and capture value for their shareholders. Brandon has crafted a ________ business model.
A) standard
B) disruptive
C) customary
D) normal
E) temporary
- 5. Multiple Choice
5) Which of the following statements about business models is incorrect?
A) There are two general types of business models.
B) There is no perfect business model.
C) Most of the standard business models have been in place for some time.
D) A firm's business model is confined to its own boundaries.
E) Firms should guard themselves against thinking that one particular business model is a "home run" regardless of circumstances.
- 6. Multiple Choice
6) ________ business models are ones that do not fit the profile of standard business models, and are impactful enough that they disrupt or change the way business is conducted in an industry or an important niche within an industry.
A) Disruptive
B) Normal
C) Unique
D) Incomparable
E) Exceptional
- 7. Multiple Choice
A ………….. is a plan for the successful operations of a business.
(A) Business model
(B) Feasibility analysis
(C) Innovation model
- 8. Multiple Choice
……………………gives you a way to create a business model by using a single sheet of paper.
(A) Business operational model
(B) Business plan
(C) Business Model Canvas
- 9. Multiple Choice
Business model canvas should be used because it is easy to understand, focused, flexible, customer focused, shows connections, and ...........
(A) Easy to follow
(B) Easy to adopt
(C) Easy to communicate
- 10. Multiple Choice
A business model canvas consists of ………. building blocks
(A) Six
(B) Seven
(C) Nine
- 11. Multiple Choice
The value proposition answers the question that....
(A) Why will customers buy from us?
(B) What are needs of customers?
(C) What are problems of customers?
- 12. Multiple Choice
Channels refer to..........
(A) How to reach customers?
(B) How to solve customers’ problems?
(C) How to identify needs of customers?
- 13. Multiple Choice
The revenue streams indicate........
(A) Short term sources of money
(B) From where the money comes from?
(C) Long term sources of money
- 14. Multiple Choice
The 4 types of key resources include physical resources, human resources, intellectual, and ....
(A) Unique resources
(B) Financial resources
(C) Common resources
- Answer choicesTagsAnswer choicesTags