Business model canvas - Study guides, Class notes & Summaries

MGMT100 TEST QUESTIONS WITH ALL CORRECT ANSWERS Common reasons for business failure - Answer- personal reasons, poor economic conditions, underestimation of start-up time, undercapitalisation, overestimation of market size, lack of managerial skills, lack of cash flow, wrong business location, poor selling point, incompetent human resources, ethical failure, zero strategic thinking, no commitment 5 stages of the entrepreneurial growth cycle - Answer- start-up, survival, growth, expansion,...

THE BUSINESS MODEL CANVAS WITH THE BEST QUESTIONS AND ACCURATE ANSWERS What are the 9 building blocks of the business model canvas? - CORRECT ANSWER1. Customer segments 2. Value Proposition 3. Channels 4. Customer Relationships 5. Revenue 6. Key Resources 7. Key Activities 8. Key Partnerships 9. Cost Structure *Customer Segments* - CORRECT ANSWER-The different groups of people or organizations the enterprise aims to reach and serve Customer Segment Type: Mass Market - CORRECT ...

Which stage of the Requirements stages structures all requirements and designs so that they support the overall business purpose for a change and that they work effectively as a cohesive whole? a) Verify Requirements b)Validate Requirement c) Define Requirements Architecture (Correct) Specify and Model Requirements - c) Define Requirements Architecture Explanation Refer BABOK V3 pg 148., read more about the task 'Define Requirement Architecture' Which of the following technique is use...

Business Model correct answers another way of assessing how some type of problem in the marketplace can be solved business model simple definition correct answers the way a company applies knowledge to capture value The business model canvas (osterwalder model) correct answers left side - everything that relates to your business left side - everything that relates to the customer 9 components of business model canvas correct answers 1. customer segments 2. value proposition 3. chann...

a - ️️Companies use contract manufacturing to a. All answers are correct b. Temporarily meet an unexpected increase in orders c. Avoid heavy start-up costs d. Experiment in a new market a - ️️How many boxes are there on the Business Model Canvas to fill out? a. 9 b. 12 c. 5 d. 15 a - ️️Organizational ethics begin at the ________________ of the organization. a. top b. middle c. structural d. lower a - ️️The advantage(s) of offshore outsourcing is/are ...

Competitive Advantage : a company's ability to create more economic value than its competitors Visionary Firms : firms whose mission is central to all they do, have enjoyed long periods of high performance Mission Statement vs Vision Statement : Mission statement - It is what you do/the core of the business, and from it come the objectives and finally, what it takes to reach those objectives. *What do we do? Whom do we serve? How do we serve them? Vision statement - It is the future ...

1. Which of the following techniques can be used to model the rationale of a change? A. Roles and Permissions Matrix B. Organizational modelling C. Business capability analysis D. Decision modelling - Answer-D. Decision modelling Explanation: BABoK V3.0 - Section 7.1.4.1 - Model Requirements - Paragraph 3 - Point #2 - Rationale: models represent the 'why' of a change. Techniques used to represent the rationale include Decision Modelling; Scope Modelling; Business Model Canvas; Root Caus...

1. Which of the following techniques can be used to model the rationale of a change? A. Roles and Permissions Matrix B. Organizational modelling C. Business capability analysis D. Decision modelling CORRECT ANSWER D. Decision modelling Explanation: BABoK V3.0 - Section 7.1.4.1 - Model Requirements - Paragraph 3 - Point #2 - Rationale: models represent the 'why' of a change. Techniques used to represent the rationale include Decision Modelling; Scope Modelling; Business Model Canva...

FOODS 2 PRACTICE TEST EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Family and consumer sciences cooperative extension agent is an example of a job in which career pathway? Correct Answer: Family and Community Services The avenues a business uses to reach customers, like a website, store, or advertising, defines which section of the Lean Canvas Business Model? Correct Answer: channels What is a work-based learning opportunity where one volunteers time...

BUSINESS MODEL CANVAS WITH CORRECT QUESTIONS AND ANSWERS customer segments - CORRECT ANSWER-Who are all the people and organizations for which you are creating value? value propositions - CORRECT ANSWER-Which customer needs are we satisfying? What value do we deliver to the customer? Channels - CORRECT ANSWER-distribute a company's value proposition in ways that are fast, efficient and cost effective via physical mobile web, distribution, sales, channels, communicationcustomer rela...