Match each business model type with the correct description. Remember to select a different businessmodel type for each description.Business model typeProduct business modelMultisided business modelSolution business modelMatchmaking business modelDescriptionA company controls a platform where sellers and buyersexchange products or services.A product or service is designed according to specifics definedby each customer.A product or service is offered to customers.A company provides different products and services todifferent groups of clients who gain some benefit from theexistence of the other group of clients.

The phrase "business model" describes how a corporation generates revenue. It contains any…

Answered: Match each business model type with the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The business model canvas is a Develop Successful Business model. It has the following components Customer SegmentsChannelsValue PropositionsRevenue StreamsCustomer RelationshipsKey Resources:Key ActivitiesKey PartnersCost Structure Which component describes my office rental a.Revenue Streams b.Financing/Funding c.Cost Structure d.Key Resources e.Key Partners
REASONS HOW TO AVOID (List ways to avoid) BUSINESSES FAILURE Mistaking A Business for a Hobby Asking Friends & Relatives for Advice Asking Friends & Relatives for Money Mismanaging Money Poor Marketing No Business Plan No Understanding of Pricing Inability to Manage Growth Inability to Plan for Transitional Periods Lack of Commitment Failure to Set and Revise Goals Inability to Develop and Monitor Financial Statements Inability to Balance Business & Family Underestimation of the Time Requirements
This is short question and has 5 sub parts interrelated. 1. Suppose there are many jobs related to business field, but you have chosen Marketing Manager as your prospective job. Defend your decision by clearly outlining the factors you considered while comparing the jobs available in the field in terms of knowledge and skill requirements for success, salaries, benefits, future growth opportunities, and any other criteria you value with choosing your career path. 2. Summarize the main skills, knowledge areas, and expertise expected of someone in the position of Marketing Manager. You are expected to summarize at least 10 main requirements of the job related to skills, knowledge areas, and/or expertise. Make sure to reference weblinks for each source. 3. Consider you are applying for the job of Marketing Manager. Summarize the skillset, knowledge, and expertise you possess. Consider the requirements of this job when choosing which skills and knowledge areas to summarize below. For…
You are the Information Systems (IS) Manager of Ramsys IT Solutions. The Board of Directors of your company has decided that your company should purchase a new Information System software for its use. (b). Describe three strategic business objectives/benefits that your organization can derive from its investments in, and use of, the proposed Information System.
The business model canvas is a Develop Successful Business model. It has the following components Customer SegmentsChannelsValue PropositionsRevenue StreamsCustomer RelationshipsKey Resources:Key ActivitiesKey PartnersCost Structure Which component describes the staff and management a.Key Partners b.Cost Structures c.Core Strategy d.Business Mission e.Key Resources
What is the difference between a Feasibility Analysis, a Business Model Canvas, and a Business Plan? describe which is the most important ad explain your answer.
TRUE OR FALSE 1. A missing “how to achieve” plan accelerates sales performance. 2. Geographical structures group together sales jobs and activities being performed in the same location or region. 3. Centralized organizations delegate decision making throughout all levels of management, and decentralized organizations concentrate decision making at the top levels of management.
People are always looking for a good recommendation for help with household jobs and chores, such as handyman work, cleaning, and moving. You recognize the business potential of linking prospective clients with workers who perform these household jobs and chores. You decided to name the company Household Help (HHH). Your company will solicit workers who want to perform household chores such as cleaning, shopping and delivery, handyman work and moving. To record the information to run HHH, first, clients need to submit personal information such as their full name, address, phone number, email address, and credit card information for ease of billing. Workers also need to register after their background checks by providing their full name, home address, and email address. You envision that HHH will offer four different types of service that clients can request: cleaning, shopping and delivery, handyman jobs, and moving. Each service will be assigned a unique code so you don’t have to…
Note : do not copy from other sources, answer should be unique. Thank you! identify and describe the business model element that specifies how the company's product will fulfill the needs of its customer?
Every model is flawed but may have use in examining a topic. Briefly describe the BRIE model. Of the four elements, what things assist or hinder the assembly of these elements in the creation of a business enterprise. For example, having a spare bedroom helps create a boundary; having roommates who want you to join them in having a good time might not.
1. Discuss the relationship of product and customer’s needs. 2. Discuss the relationship of price and cost of the customers. 3. Discuss the relationship of place and convenience. 4. Discuss the relationship of promotion and communications. 5. Are 4Cs important in marketing? Why? 6. Why is there a need to discuss 4Cs in marketing?
Hello Can you help me with my business plan?Our product is Clothes and the clothes is made out of raw materials and the majority of our product are for male but we have a product for female also. Can you Create me A Primary Market that Describes the objectives of the product?same as the Secondary market This is the example of our business concept. "To begin with, our products include recycling and refurbishing used items. We want to establish a company that will not frighten customers and competitors. We want to use recycled materials that are no longer useful to people and turn them into trendy outfits. This is a great budget-friendly idea for us because it will reduce the amount of money needed to start this company. This is our first time starting a company, and it's a good place to start to gain experience for something we'd like to try. We have a special way of marketing this that will catch the attention of the people on the streets. We want to promote how we made the…

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