Management Strategy Quiz: Business Model Canvas

10 Questions | Total Attempts: 6387

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Management Strategy Quiz: Business Model Canvas - Quiz

Test and develop your management strategy knowledge with this business model canvas quiz. We've created this quiz to make you learn some important key terms in business management. The Business Model Canvas is a template used for developing, describing, visualizing, and documenting various business models. The test consists of some basic questions related to this model. Give it a shot, try to attempt all the questions, and then see your result. Let's begin then. Good luck!


Questions and Answers
  • 1. 
    The niche market is an example of?
    • A. 

      Costumer Segments

    • B. 

      Costumer Relationships

    • C. 

      Value Proposition

    • D. 

      Revenue Streams

  • 2. 
    What is value proposition BMC?
    • A. 

      Value that meet the customer satisfaction

    • B. 

      Service after sales

    • C. 

      The way we interact with the customer

    • D. 

      Generating revenue from each customer

  • 3. 
    What are the "channels" in a business model canvas?
    • A. 

      Who your customers are

    • B. 

      Customer touch points

    • C. 

      What is the best offer given

    • D. 

      What is the best offer given

  • 4. 
    Mark all the options that apply to Value Proposition.
    • A. 

      Performance

    • B. 

      Newness

    • C. 

      Accessibility

    • D. 

      Risk Reduction

    • E. 

      Segmented

    • F. 

      Multiside Markets

    • G. 

      Self- Service

    • H. 

      Co-Creation

    • I. 

      Subscription Fee

    • J. 

      Brokerage Fee

  • 5. 
    ____________ is an example of Customer Relationships.
    • A. 

      Cost Reduction

    • B. 

      Communities

    • C. 

      Diversification

    • D. 

      CRM

  • 6. 
    Partner Channel types lead to lower margins and at the same time obstacle their expansion.
    • A. 

      True

    • B. 

      False

  • 7. 
    Fixed Menu Pricing and Dynamic Pricing are two different Pricing Mechanisms that need to be defined in what stage of the canvas.
    • A. 

      Costumer Segments

    • B. 

      Key Resources

    • C. 

      Revenue Streams

    • D. 

      Channels

  • 8. 
    Cost Driven and Value Driven strategies are examples of this building block.
    • A. 

      Cost

    • B. 

      Revenue

    • C. 

      Value Proposition

    • D. 

      Channels

  • 9. 
    Business Model is defined as the logic by which a company or enterprise sustains itself financially.
    • A. 

      True

    • B. 

      False

  • 10. 
    The Business Model Canvas consists of nine main elements.
    • A. 

      True

    • B. 

      False

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