Question 1

For the franchisee (the person starting/running a franchise), what are some advantages and disadvantages of franchising?

Accepted Answer

Some advantages include help from the fr

Question 2

How can the life cycle be used as a source of business model ideas?

Accepted Answer

One possible answer is that the life cyc

Question 3

A significant number of businesses that attempt to expand through franchising fail.

Accepted Answer

A) True 
 B)False

Question 4

Stage ____ of the industry life cycle is characterized by a mixture of small and large firms, highly profitable niches in otherwise competitive markets, and knowledgeable users who are very demanding about their requirements.

Accepted Answer

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

Question 5

Which two models does Google combine?

Accepted Answer

A)  Advertising and razor and blades 
B)  Subscription and advertising 
C)  Subscription and broker 
D)  Broker and advertising 
A)  Advertising and razor and blades 
B)  Subscription and advertising 
C)  Subscription and broker 
D)  Broker and advertising

Question 6

The practice of grouping a set of products or services together as a package is known as:

Accepted Answer

A)  Selling 
B)  Customizing 
C)  Bundling 
D)  Standardizing 
A)  Selling 
B)  Customizing 
C)  Bundling 
D)  Standardizing

Question 7

What percentage of all franchising in the United States does McDonald's retail sales constitute?

Accepted Answer

A)  1% 
B)  10% 
C)  50% 
D)  99% 
A)  1% 
B)  10% 
C)  50% 
D)  99%

Question 8

Which of the following is not true about Netflix?

Accepted Answer

A)  Is the only company video rental company that pursues a subscription model 
B)  Has patented its 'dynamic queuing' system of communication and delivery 
C)  Business model requires close attention to inventory and logistics 
D)  Continues to innovate 
A)  Is the only company video rental company that pursues a subscription model 
B)  Has patented its 'dynamic queuing' system of communication and delivery 
C)  Business model requires close attention to inventory and logistics 
D)  Continues to innovate

For the franchisee (the person starting/running a franchise), what are some advantages and disadvantages of franchising?

How can the life cycle be used as a source of business model ideas?

A significant number of businesses that attempt to expand through franchising fail.

Stage ____ of the industry life cycle is characterized by a mixture of small and large firms, highly profitable niches in otherwise competitive markets, and knowledgeable users who are very demanding about their requirements.

Which two models does Google combine?

The practice of grouping a set of products or services together as a package is known as:

What percentage of all franchising in the United States does McDonald's retail sales constitute?

Which of the following is not true about Netflix?

Defining Strategy

Developing Resources

Serving Customers

Seeking Opportunity

Competing With Rivals

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters

Exam 6: Specifying a Business Model

For the franchisee (the person starting/running a franchise), what are some advantages and disadvantages of franchising?

How can the life cycle be used as a source of business model ideas?

A significant number of businesses that attempt to expand through franchising fail.

Stage ____ of the industry life cycle is characterized by a mixture of small and large firms, highly profitable niches in otherwise competitive markets, and knowledgeable users who are very demanding about their requirements.

Which two models does Google combine?

The practice of grouping a set of products or services together as a package is known as:

What percentage of all franchising in the United States does McDonald's retail sales constitute?

Which of the following is not true about Netflix?

Defining Strategy

Developing Resources

Serving Customers

Seeking Opportunity

Competing With Rivals

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters