Question 1

Cost of goods sold includes rent expense and firm-marketing fees.

Accepted Answer

A) True 
 B)False

Question 2

Identify a company that sells database information.Describe how the data are protected for privacy and how the data result in sales.Discuss what revenue streams might be associated with the sale.

Accepted Answer

Examples should include reasonable data

Question 3

The income statement ______.

Accepted Answer

A) subtracts the cost of goods sold from the total revenue to determine net income 
B) subtracts the operating expenses from the total revenue to determine net income 
C) subtracts the cost of goods sold and operating expenses from the total revenue to determine net income 
D) reports all income with no adjustment for cost of goods sold or operating expenses 
A) subtracts the cost of goods sold from the total revenue to determine net income 
B) subtracts the operating expenses from the total revenue to determine net income 
C) subtracts the cost of goods sold and operating expenses from the total revenue to determine net income 
D) reports all income with no adjustment for cost of goods sold or operating expenses

Question 4

Which revenue model measures the amount of revenue generated by the number of items sold by the company?

Accepted Answer

A) subscription 
B) unit sales 
C) data revenue 
D) intermediation 
A) subscription 
B) unit sales 
C) data revenue 
D) intermediation

Question 5

Tony owns a bicycle shop where he sells bicycles,repairs them,and sells accessories.How many revenue streams does Tony's business have?

Accepted Answer

A) one 
B) two 
C) three 
D) four 
A) one 
B) two 
C) three 
D) four

Question 6

Assume that you want to study the cost of goods sold for your business,a company that produces custom T-shirts for school sports teams.Discuss what should be considered in this study.

Accepted Answer

Considerations should include the taking

Question 7

The four key revenue drivers are ______.

Accepted Answer

A) customers,frequency,selling process,price 
B) profit,sales,employees,selling process 
C) selling process,price,employees,profit 
D) customers,revenue streams,frequency,price 
A) customers,frequency,selling process,price 
B) profit,sales,employees,selling process 
C) selling process,price,employees,profit 
D) customers,revenue streams,frequency,price

Question 8

The revenue driver that is addressed when a company offers a frequent shopper award is ______.

Accepted Answer

A) frequency 
B) price 
C) selling process 
D) customers 
A) frequency 
B) price 
C) selling process 
D) customers

Question 9

The operating profit represents the amount left over from revenue once all costs and operating expenses are subtracted.

Accepted Answer

A) True 
 B)False

Question 10

A revenue model explains how an entrepreneur will make money from delivering on the customer value proposition.

Accepted Answer

A) True 
 B)False

Question 11

Find an example of sponsored or suggested content.Describe how the revenue model works.

Accepted Answer

Sponsored content contains ads

Question 12

The iPad at its initial launch is an example of price skimming.

Accepted Answer

A) True 
 B)False

Question 13

Revenue can be described as which of the following?

Accepted Answer

A) all the money that a company has to work with 
B) the money from loans,sales,and contributions 
C) the income gained from the sale of goods or services 
D) the income gained from sales minus the cost of creating the goods 
A) all the money that a company has to work with 
B) the money from loans,sales,and contributions 
C) the income gained from the sale of goods or services 
D) the income gained from sales minus the cost of creating the goods

Question 14

What method of pricing involves pricing the product based on how it benefits the customers?

Accepted Answer

A) target-return pricing 
B) customer-led pricing 
C) value-based pricing 
D) psychological pricing 
A) target-return pricing 
B) customer-led pricing 
C) value-based pricing 
D) psychological pricing

Question 15

A cell phone company offers a promotion in which it gives away a free phone to people who purchase the highest-level data usage plan.This is an example of which of the following?

Accepted Answer

A) balance subsidies 
B) promotional subsidies 
C) direct cross-subsidies 
D) risk reduction subsidies 
A) balance subsidies 
B) promotional subsidies 
C) direct cross-subsidies 
D) risk reduction subsidies

Question 16

In which revenue model does an existing business allow another party to trade under the name of that business?

Accepted Answer

A) an intermediation revenue model 
B) a franchising revenue model 
C) a brokerage model 
D) an advertising model 
A) an intermediation revenue model 
B) a franchising revenue model 
C) a brokerage model 
D) an advertising model

Question 17

A new company can reduce the cost of goods sold by negotiating with manufacturing source.

Accepted Answer

A) True 
 B)False

Question 18

A business model and a revenue model are the same thing.

Accepted Answer

A) True 
 B)False

Question 19

A company will be more profitable if it focuses on one primary revenue model.

Accepted Answer

A) True 
 B)False

Question 20

An introductory offer is a form of high pricing,generally used for new products or services that face very little or even no competition.

Accepted Answer

A) True 
 B)False

Cost of goods sold includes rent expense and firm-marketing fees.

Identify a company that sells database information.Describe how the data are protected for privacy and how the data result in sales.Discuss what revenue streams might be associated with the sale.

The income statement ______.

Which revenue model measures the amount of revenue generated by the number of items sold by the company?

Tony owns a bicycle shop where he sells bicycles,repairs them,and sells accessories.How many revenue streams does Tony's business have?

Assume that you want to study the cost of goods sold for your business,a company that produces custom T-shirts for school sports teams.Discuss what should be considered in this study.

The four key revenue drivers are ______.

The revenue driver that is addressed when a company offers a frequent shopper award is ______.

The operating profit represents the amount left over from revenue once all costs and operating expenses are subtracted.

A revenue model explains how an entrepreneur will make money from delivering on the customer value proposition.

Find an example of sponsored or suggested content.Describe how the revenue model works.

The iPad at its initial launch is an example of price skimming.

Revenue can be described as which of the following?

What method of pricing involves pricing the product based on how it benefits the customers?

A cell phone company offers a promotion in which it gives away a free phone to people who purchase the highest-level data usage plan.This is an example of which of the following?

In which revenue model does an existing business allow another party to trade under the name of that business?

A new company can reduce the cost of goods sold by negotiating with manufacturing source.

A business model and a revenue model are the same thing.

A company will be more profitable if it focuses on one primary revenue model.

An introductory offer is a form of high pricing,generally used for new products or services that face very little or even no competition.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

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Exam 9: Creating Revenue Models

Cost of goods sold includes rent expense and firm-marketing fees.

Identify a company that sells database information.Describe how the data are protected for privacy and how the data result in sales.Discuss what revenue streams might be associated with the sale.

The income statement ______.

Which revenue model measures the amount of revenue generated by the number of items sold by the company?

Tony owns a bicycle shop where he sells bicycles,repairs them,and sells accessories.How many revenue streams does Tony's business have?

Assume that you want to study the cost of goods sold for your business,a company that produces custom T-shirts for school sports teams.Discuss what should be considered in this study.

The four key revenue drivers are ______.

The revenue driver that is addressed when a company offers a frequent shopper award is ______.

The operating profit represents the amount left over from revenue once all costs and operating expenses are subtracted.

A revenue model explains how an entrepreneur will make money from delivering on the customer value proposition.

Find an example of sponsored or suggested content.Describe how the revenue model works.

The iPad at its initial launch is an example of price skimming.

Revenue can be described as which of the following?

What method of pricing involves pricing the product based on how it benefits the customers?

A cell phone company offers a promotion in which it gives away a free phone to people who purchase the highest-level data usage plan.This is an example of which of the following?

In which revenue model does an existing business allow another party to trade under the name of that business?

A new company can reduce the cost of goods sold by negotiating with manufacturing source.

A business model and a revenue model are the same thing.

A company will be more profitable if it focuses on one primary revenue model.

An introductory offer is a form of high pricing,generally used for new products or services that face very little or even no competition.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters