Question 1

The financial aspect of the BMC consist of two parts. Which of the following?

Accepted Answer

A)  revenue streams 
B)  cash flow 
C)  cost structure 
D)  break-even analysis 
E)  profit and loss budget
F) value chain 
A)  revenue streams 
B)  cash flow 
C)  cost structure 
D)  break-even analysis 
E)  profit and loss budget
F) value chain

Question 2

The book states that strategy focuses on opportunity and implementation, while the business model focuses on the market and competition.

Accepted Answer

A) True 
 B)False

Question 3

Match the business model headings with the question addressed beneath each heading.
-Customer Segments

Accepted Answer

A)  For whom are we creating value ? 
B)  How do we establish and maintain our relation to the customer? 
C)  How do we communicate and deliver? 
D)  What activities are needed to create and deliver our proposition? 
E)  Which income and costs can we expect once we transform the model into reality?
F) What resources are needed to create and deliver our proposition?
G) What partners and networks are needed to create and deliver the offering?
H)What is the offering to the customer? 
A)  For whom are we creating value ? 
B)  How do we establish and maintain our relation to the customer? 
C)  How do we communicate and deliver? 
D)  What activities are needed to create and deliver our proposition? 
E)  Which income and costs can we expect once we transform the model into reality?
F) What resources are needed to create and deliver our proposition?
G) What partners and networks are needed to create and deliver the offering?
H)What is the offering to the customer?

Question 4

Michael Porter and his value chain presented a means for seeing actors "out there" as potential assets and partners in a value-generating collaborative and innovative strategy.

Accepted Answer

A) True 
 B)False

Question 5

In social enterprise, the prime mission is to create social value for others rather than economic value for those behind the venture.

Accepted Answer

A) True 
 B)False

Question 6

Creating a business model often demands imagination, judgment and an eye for the parts and the whole.

Accepted Answer

A) True 
 B)False

Question 7

Match the business model headings with the question addressed beneath each heading.
-Value Proposition

Accepted Answer

A)  For whom are we creating value ? 
B)  How do we establish and maintain our relation to the customer? 
C)  How do we communicate and deliver? 
D)  What activities are needed to create and deliver our proposition? 
E)  Which income and costs can we expect once we transform the model into reality?
F) What resources are needed to create and deliver our proposition?
G) What partners and networks are needed to create and deliver the offering?
H)What is the offering to the customer? 
A)  For whom are we creating value ? 
B)  How do we establish and maintain our relation to the customer? 
C)  How do we communicate and deliver? 
D)  What activities are needed to create and deliver our proposition? 
E)  Which income and costs can we expect once we transform the model into reality?
F) What resources are needed to create and deliver our proposition?
G) What partners and networks are needed to create and deliver the offering?
H)What is the offering to the customer?

Question 8

In social enterprise, profit is a means, not the goal.

Accepted Answer

A) True 
 B)False

Question 9

In the book Blue Ocean Strategy (2005), the authors argue that in highly competitive situations, one should not try to outprice one's competitors, but instead develop radically different value propositions that render the competition irrelevant. Development and implementation of this radical approach is called:

Accepted Answer

A)  blue ocean innovation 
B)  competition mix innovation 
C)  creative competition strategy 
D)  value innovation 
A)  blue ocean innovation 
B)  competition mix innovation 
C)  creative competition strategy 
D)  value innovation

Question 10

The business model is a format for a story that explains a business' What? How? With whom? and What are the financial effects?

Accepted Answer

A) True 
 B)False

Question 11

Which of the following questions are NOT included in the Four Actions Framework? What happens if we change the offering by….

Accepted Answer

A)  reducing all factors to their lowest possible levels? 
B)  eliminating factor X? 
C) combining factor X and factor Y? 
D) adding more where the competition is superior? 
E)  reducing factor Y distinctly below the branch standard?
F) adding/creating a new factor, unique in the industry?
G) increasing factor Z distinctly above the branch standard? 
A)  reducing all factors to their lowest possible levels? 
B)  eliminating factor X? 
C) combining factor X and factor Y? 
D) adding more where the competition is superior? 
E)  reducing factor Y distinctly below the branch standard?
F) adding/creating a new factor, unique in the industry?
G) increasing factor Z distinctly above the branch standard?

Question 12

The contradictory expression "dynamically stable" is used to describe a quality of the business model (when viewed as a system). This implies that:

Accepted Answer

A)  the bearing structure remains unchanged, whereas other, supporting parts can vary and adapt over time 
B)  in the business model, dynamics have a paradoxical relationship to stability 
C)  in order for something to be stable, one must slightly alter it 
D)  stability requires that all parts are flexible and changeable 
A)  the bearing structure remains unchanged, whereas other, supporting parts can vary and adapt over time 
B)  in the business model, dynamics have a paradoxical relationship to stability 
C)  in order for something to be stable, one must slightly alter it 
D)  stability requires that all parts are flexible and changeable

Question 13

Michael Porter's value chain is an example of how one can exploit network effects.

Accepted Answer

A) True 
 B)False

The financial aspect of the BMC consist of two parts. Which of the following?

The book states that strategy focuses on opportunity and implementation, while the business model focuses on the market and competition.

Match the business model headings with the question addressed beneath each heading. -Customer Segments

Michael Porter and his value chain presented a means for seeing actors "out there" as potential assets and partners in a value-generating collaborative and innovative strategy.

In social enterprise, the prime mission is to create social value for others rather than economic value for those behind the venture.

Creating a business model often demands imagination, judgment and an eye for the parts and the whole.

Match the business model headings with the question addressed beneath each heading. -Value Proposition

In social enterprise, profit is a means, not the goal.

The business model is a format for a story that explains a business' What? How? With whom? and What are the financial effects?

Which of the following questions are NOT included in the Four Actions Framework? What happens if we change the offering by….

The contradictory expression "dynamically stable" is used to describe a quality of the business model (when viewed as a system). This implies that:

Michael Porter's value chain is an example of how one can exploit network effects.

The Rise, Fall and Return of the Entrepreneur

Environment

People

Opportunity

The Process

The Business Models Financial Abcs

Filters

Exam 6: The Business Model

The financial aspect of the BMC consist of two parts. Which of the following?

The book states that strategy focuses on opportunity and implementation, while the business model focuses on the market and competition.

Match the business model headings with the question addressed beneath each heading. -Customer Segments

Michael Porter and his value chain presented a means for seeing actors "out there" as potential assets and partners in a value-generating collaborative and innovative strategy.

In social enterprise, the prime mission is to create social value for others rather than economic value for those behind the venture.

Creating a business model often demands imagination, judgment and an eye for the parts and the whole.

Match the business model headings with the question addressed beneath each heading. -Value Proposition

In social enterprise, profit is a means, not the goal.

The business model is a format for a story that explains a business' What? How? With whom? and What are the financial effects?

Which of the following questions are NOT included in the Four Actions Framework? What happens if we change the offering by….

The contradictory expression "dynamically stable" is used to describe a quality of the business model (when viewed as a system). This implies that:

Michael Porter's value chain is an example of how one can exploit network effects.

The Rise, Fall and Return of the Entrepreneur

Environment

People

Opportunity

The Process

The Business Models Financial Abcs

Filters