Exam 5: Building Business Models

Within a business model,customers refer to ______.

In the business model canvas,the offering is comprised of customer relationships and channels.

Jerry has stated that his business appeals to people 50 years of age and older who are restructuring their finances for retirement plans.What has Jerry defined?

The "value" portion of the customer value proposition is how much you could expect to sell one share of your company in an initial public offering (IPO).

The business model is just about revenues and costs.

Multisided markets describe a variety of services that serve two or more segments with very different needs and problems,which bear no relationship to each other.

In the business model canvas (BMC),what components are included in financial viability?

Given that startups can be flexible in their business model,what general guide should they follow?

Which of the following allowed Tata Motors to be successful?

What is the key feature of the resonating-focus approach to CVP?

In the business model canvas (BMC),what is covered under the offering?

Which of the following is most likely to have a diversified market?

A diversified market offers a variety of services to two or more customer segments with different needs and problems,which bear no relationship to each other.

Doug Halls describes the one big benefit you offer your customer can be determined by asking the question "Why should I care?".

Business models generally discourage experimentation.

If an automobile manufacturer advertised an "automobile for all ages," what market is it addressing?

The business plan describes the rationale of how a new venture creates,delivers,and captures value.

Which term describes two or more customer segments that are linked but independent of each other?

What problem did FedEx solve for customers in its CVP?

Identify all the components of the business model canvas.