Business Model Canvas Quiz

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Business Model
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a business model describes the rationale of how an organization creates, delivers, and captures value
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Four main areas of business
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customers, offer, infrastructure, and financial viability
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9 building blocks
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customer segments value propositions channels customer relationships revenue streams key resources key activities
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customer segments
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an organization services one or several customer segments -mass market -niche market -segmented -diversified -multi-sided plaforms
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value propositions
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it seeks to solve customer problems and satisfy customer needs with value propositions -newness -performance -customization -getting the job done -getting the job done -design -brand/status -cost reduction -risk reduction -accessibility -convenience/usability
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channels
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value propositions are delivered to customers through communication, distribution, and sales channels -sales force -web sales -own stores -partner stores -wholesaler
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Customer Relationships
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customer relationships are established and maintained with each customer segment -personal assistance -ddedicated personal assitance -self-service -automated services -communities -co-creation
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revenue streams
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revenue streams result from value propositions successfully offered to customers -asset sale -usage fee -subscription fees -lending/renting/leasing -licensing -brokerage fees -advertising
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key resources
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key resources are the assets required to offer and deliver the previously descried elements -physical -intellectual -human -financial
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key activities
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by performing a number of key activites -production -problem solving -platform/Network
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key partnerships
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some activities are outsourced and some resources are acquired outside the enterprise -optimization and economy of scale -reduction of risk and uncertainty -acquisition of particular resources and activities
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Cost Structure
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the business model elements result in the cost structure -cost-driven -value-driven -fixed costs -variable costs -economies of scale -economies of scope

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