Question 1

Why would Rocket Internet raise questions of ethics?

Accepted Answer

A) They are taking someone else's business model and placing it elsewhere. 
B) They are producing the same service at a lower cost. 
C) They are offering the service to an underserved market. 
D) They are selling their companies back to the company they are cloning. 
A) They are taking someone else's business model and placing it elsewhere. 
B) They are producing the same service at a lower cost. 
C) They are offering the service to an underserved market. 
D) They are selling their companies back to the company they are cloning.

Question 2

What will the business model define as a way of creating value?

Accepted Answer

A) how unmet needs will be met in an existing market 
B) how profits will be made 
C) how the stock will be valued 
D) how customers will be differentiated 
A) how unmet needs will be met in an existing market 
B) how profits will be made 
C) how the stock will be valued 
D) how customers will be differentiated

Question 3

Which of the following is a way that a business model will describe value?

Accepted Answer

A) by explaining how revenue will be obtained 
B) by explaining how profits will be made 
C) by explaining how the company will serve customers in new markets 
D) by describing the elements of the financial forecast 
A) by explaining how revenue will be obtained 
B) by explaining how profits will be made 
C) by explaining how the company will serve customers in new markets 
D) by describing the elements of the financial forecast

Question 4

Which of the following is considered the "gold standard" of a CVP?

Accepted Answer

A) all-benefits approach 
B) points-of-difference approach 
C) resonating-focus approach 
D) low-cost advantage 
A) all-benefits approach 
B) points-of-difference approach 
C) resonating-focus approach 
D) low-cost advantage

Question 5

Under the business model canvas (BMC), what components are related to financial viability?

Accepted Answer

A) revenue streams and market size 
B) cost structure and revenue streams 
C) investment funds and revenue streams 
D) revenue streams and growth projections 
A) revenue streams and market size 
B) cost structure and revenue streams 
C) investment funds and revenue streams 
D) revenue streams and growth projections

Question 6

Consider the business models of Amazon.com.Describe two of its business models.

Accepted Answer

The answer may cover the business model

Question 7

The offering addresses ______.

Accepted Answer

A) the target customers, the resources, and how the product or service will help the customer 
B) what will be given to investors in return for capital 
C) the product or service 
D) none of these 
A) the target customers, the resources, and how the product or service will help the customer 
B) what will be given to investors in return for capital 
C) the product or service 
D) none of these

Question 8

Multisided markets describes a variety of services that serve two or more segments with very different needs or problems.

Accepted Answer

A) True 
 B)False

Question 9

Why was Steve Blank quoted as saying, "A startup is a temporary organization in search of a scalable business model"?

Accepted Answer

A) Most companies do not have a business model. 
B) People often make mistakes and need to start over again. 
C) A business model can be adjusted to meet new information. 
D) Most business models are not scalable. 
A) Most companies do not have a business model. 
B) People often make mistakes and need to start over again. 
C) A business model can be adjusted to meet new information. 
D) Most business models are not scalable.

Question 10

A ______ market is a small market segment comprised of customers with specific needs and requirements.

Accepted Answer

A) micro market 
B) niche market 
C) boutique market 
D) target market 
A) micro market 
B) niche market 
C) boutique market 
D) target market

Question 11

Consider the manufacturer of a solar lighting system.Identify who the key partners might be.Could some activities be outsourced? Who would you negotiate with to modify your BMC?

Accepted Answer

Answers will vary.Options include suppli

Question 12

What elements of car design did Tata change in order to produce their CVP?

Accepted Answer

A) product design 
B) manufacturing process 
C) service model 
D) all of these 
A) product design 
B) manufacturing process 
C) service model 
D) all of these

Question 13

In addition to financing, why would it make sense for VF to own equity in their clients' company?

Accepted Answer

A) They are partnering manufacturers of the company's product. 
B) They would earn more in the long run. 
C) It involves less risk than direct payment. 
D) They lie to help emerging companies. 
A) They are partnering manufacturers of the company's product. 
B) They would earn more in the long run. 
C) It involves less risk than direct payment. 
D) They lie to help emerging companies.

Question 14

What in the business model will contribute to competitive advantage?

Accepted Answer

A) the infrastructure 
B) the competitors 
C) the entrepreneur's personal story 
D) the business plan 
A) the infrastructure 
B) the competitors 
C) the entrepreneur's personal story 
D) the business plan

Question 15

What does the business model define in terms of the business's service or product?

Accepted Answer

A) durability 
B) quality 
C) differentiation 
D) viability 
A) durability 
B) quality 
C) differentiation 
D) viability

Question 16

The resonating-focus approach is the "gold standard" because it considers your product or service from the perspective of the customer.

Accepted Answer

A) True 
 B)False

Question 17

In her landscape and garden supply shop, Danielle will be offering plant supplies, garden designs, statuary, landscaping services, and yard maintenance plans.What element of the BMC is Danielle addressing?

Accepted Answer

A) market segmentation 
B) revenue streams 
C) services 
D) customer relationships 
A) market segmentation 
B) revenue streams 
C) services 
D) customer relationships

Question 18

To have an effective CVP for your business plan, you need to meet only the needs of one customer segment.

Accepted Answer

A) True 
 B)False

Question 19

Consider that you are selling a Jeep SUV to a customer.Identify the key points in a resonating-focus approach.

Accepted Answer

Answers will vary but should focus on th

Question 20

Gift Prescriptions is a company that offers small gifts that can be left behind in doctors' offices as an appreciation for time spent reviewing company products.Gift Prescriptions sells their gifts to pharmaceutical companies, therapists, and medical supply stores.Gift Prescriptions' market segment would be described as ______.

Accepted Answer

A) a mass market 
B) a niche market 
C) a segmented market 
D) a diversified market 
A) a mass market 
B) a niche market 
C) a segmented market 
D) a diversified market

Why would Rocket Internet raise questions of ethics?

What will the business model define as a way of creating value?

Which of the following is a way that a business model will describe value?

Which of the following is considered the "gold standard" of a CVP?

Under the business model canvas (BMC), what components are related to financial viability?

Consider the business models of Amazon.com.Describe two of its business models.

The offering addresses ______.

Multisided markets describes a variety of services that serve two or more segments with very different needs or problems.

Why was Steve Blank quoted as saying, "A startup is a temporary organization in search of a scalable business model"?

A ______ market is a small market segment comprised of customers with specific needs and requirements.

Consider the manufacturer of a solar lighting system.Identify who the key partners might be.Could some activities be outsourced? Who would you negotiate with to modify your BMC?

What elements of car design did Tata change in order to produce their CVP?

In addition to financing, why would it make sense for VF to own equity in their clients' company?

What in the business model will contribute to competitive advantage?

What does the business model define in terms of the business's service or product?

The resonating-focus approach is the "gold standard" because it considers your product or service from the perspective of the customer.

In her landscape and garden supply shop, Danielle will be offering plant supplies, garden designs, statuary, landscaping services, and yard maintenance plans.What element of the BMC is Danielle addressing?

To have an effective CVP for your business plan, you need to meet only the needs of one customer segment.

Consider that you are selling a Jeep SUV to a customer.Identify the key points in a resonating-focus approach.

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

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Exam 8: Building Business Models

Why would Rocket Internet raise questions of ethics?

What will the business model define as a way of creating value?

Which of the following is a way that a business model will describe value?

Which of the following is considered the "gold standard" of a CVP?

Under the business model canvas (BMC), what components are related to financial viability?

Consider the business models of Amazon.com.Describe two of its business models.

The offering addresses ______.

Multisided markets describes a variety of services that serve two or more segments with very different needs or problems.

Why was Steve Blank quoted as saying, "A startup is a temporary organization in search of a scalable business model"?

A ______ market is a small market segment comprised of customers with specific needs and requirements.

Consider the manufacturer of a solar lighting system.Identify who the key partners might be.Could some activities be outsourced? Who would you negotiate with to modify your BMC?

What elements of car design did Tata change in order to produce their CVP?

In addition to financing, why would it make sense for VF to own equity in their clients' company?

What in the business model will contribute to competitive advantage?

What does the business model define in terms of the business's service or product?

The resonating-focus approach is the "gold standard" because it considers your product or service from the perspective of the customer.

In her landscape and garden supply shop, Danielle will be offering plant supplies, garden designs, statuary, landscaping services, and yard maintenance plans.What element of the BMC is Danielle addressing?

To have an effective CVP for your business plan, you need to meet only the needs of one customer segment.

Consider that you are selling a Jeep SUV to a customer.Identify the key points in a resonating-focus approach.

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

Filters