Question 1

Which of the following is the role of the broker in an intermediation revenue model?

Accepted Answer

A) Brokers sell to the ultimate buyer. 
B) Brokers organize transactions between buyer and seller. 
C) Brokers represent the buyer in legal cases. 
D) Brokers represent the seller in legal cases. 
A) Brokers sell to the ultimate buyer. 
B) Brokers organize transactions between buyer and seller. 
C) Brokers represent the buyer in legal cases. 
D) Brokers represent the seller in legal cases.

Question 2

The financial report that measures the financial performance of your business on a monthly or an annual basis is the ______.

Accepted Answer

A) profit and loss statement 
B) income tax statement 
C) balance sheet 
D) credit report 
A) profit and loss statement 
B) income tax statement 
C) balance sheet 
D) credit report

Question 3

Another term for an income statement is ______.

Accepted Answer

A) profit and loss statement 
B) income tax statement 
C) balance sheet 
D) credit report 
A) profit and loss statement 
B) income tax statement 
C) balance sheet 
D) credit report

Question 4

Real estate brokers represent an intermediation revenue model because they help manage the transaction between the home seller and the home buyer.

Accepted Answer

A) True 
 B)False

Question 5

What is a likely reason why someone would pay money for a franchise?

Accepted Answer

A) They are not aware of basic business practices. 
B) They will not have to spend the same amount of time marketing and building the brand. 
C) They do not have knowledge in the industry or business model. 
D) They will not have to work as hard in running the business. 
A) They are not aware of basic business practices. 
B) They will not have to spend the same amount of time marketing and building the brand. 
C) They do not have knowledge in the industry or business model. 
D) They will not have to work as hard in running the business.

Question 6

A company prices a product at market levels but packages the product to read "introductory pricing." This would indicate which of the following pricing strategies?

Accepted Answer

A) customer-led pricing 
B) psychological pricing 
C) freemium pricing 
D) bundled pricing 
A) customer-led pricing 
B) psychological pricing 
C) freemium pricing 
D) bundled pricing

Question 7

Companies may generate revenue by giving away part of their product or service.

Accepted Answer

A) True 
 B)False

Question 8

A company's plan for how it will earn income and generate profits is called the ______.

Accepted Answer

A) revenue model 
B) business model 
C) revenue stream 
D) business plan 
A) revenue model 
B) business model 
C) revenue stream 
D) business plan

Question 9

What is the first key driver of revenue?

Accepted Answer

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

Question 10

The costs that include design,material,manufacturing,packaging,and other costs before a sale can be made to the customer are referred to as ______.

Accepted Answer

A) customer directed costs 
B) presales costs 
C) cost of goods sold 
D) operating costs 
A) customer directed costs 
B) presales costs 
C) cost of goods sold 
D) operating costs

Question 11

A form of pricing high,what strategy is used for new products that have no competition?

Accepted Answer

A) customer-led pricing 
B) competition-led pricing 
C) skimming 
D) loss-leader pricing 
A) customer-led pricing 
B) competition-led pricing 
C) skimming 
D) loss-leader pricing

Question 12

What pricing strategy packages goods together at a lower price than if they were sold separately?

Accepted Answer

A) bundled pricing 
B) discount pricing 
C) fair pricing 
D) introductory offer 
A) bundled pricing 
B) discount pricing 
C) fair pricing 
D) introductory offer

Which of the following is the role of the broker in an intermediation revenue model?

The financial report that measures the financial performance of your business on a monthly or an annual basis is the ______.

Another term for an income statement is ______.

Real estate brokers represent an intermediation revenue model because they help manage the transaction between the home seller and the home buyer.

What is a likely reason why someone would pay money for a franchise?

A company prices a product at market levels but packages the product to read "introductory pricing." This would indicate which of the following pricing strategies?

Companies may generate revenue by giving away part of their product or service.

A company's plan for how it will earn income and generate profits is called the ______.

What is the first key driver of revenue?

The costs that include design,material,manufacturing,packaging,and other costs before a sale can be made to the customer are referred to as ______.

A form of pricing high,what strategy is used for new products that have no competition?

What pricing strategy packages goods together at a lower price than if they were sold separately?

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

Which of the following is the role of the broker in an intermediation revenue model?

The financial report that measures the financial performance of your business on a monthly or an annual basis is the ______.

Another term for an income statement is ______.

Real estate brokers represent an intermediation revenue model because they help manage the transaction between the home seller and the home buyer.

What is a likely reason why someone would pay money for a franchise?

A company prices a product at market levels but packages the product to read "introductory pricing." This would indicate which of the following pricing strategies?

Companies may generate revenue by giving away part of their product or service.

A company's plan for how it will earn income and generate profits is called the ______.

What is the first key driver of revenue?

The costs that include design,material,manufacturing,packaging,and other costs before a sale can be made to the customer are referred to as ______.

A form of pricing high,what strategy is used for new products that have no competition?

What pricing strategy packages goods together at a lower price than if they were sold separately?

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