Match the description on the left with the correct business model on the right. Description A business model is a shared image representing the business activities and their interconnection in the purpose of creating value. A business model is a tool that shows how a business works by articulating its blocks and defining a value proposition. A business model is the way in which a firm makes money - providing products or services to clients. Business model Conceptual representations of how an organisation functions Attributes of real firms Cognitive/linguistic schema

For the assignment purposes, students are required to develop a comprehensive business plan that imbibes the essence of innovation and entrepreneurship. While developing the business plan students are required to keep the following points in mind:     Choice of product or serviceIdentification of market gapMarket and environmental scanning and analysis.Competitor analysisConsideration of Innovation and industry life cycleForecasting toolsChallenges and suggestions to address if found

Doing the right things to create the most value for your customer is _______________.       Effectiveness   Value   Efficiency   Product

The distinction between the creation and capture of value is critical in a business model because A. The creation and capture of value are closely related B. The creation and capture of value may be separated C. Innovation is associated with value creation C D. Intellectual property is associated with value capture

Why is Strategic Planning critical to IT?  a. To ensure that IT’s products and services meet users expectations. b. To ensure that IT’s products and services are cost effective. c. To ensure that IT’s products and services satisfy the CEO and the CFO. d. To ensure that IT’s products and services align with the enterprises Goals and Objectives.

Narrative 3: Your Grocery Purchasing Process Write a narrative describing how you buy your groceries. Make sure to include all of the steps from determining what you will buy through unloading the groceries at your home.

choose the correct answer  1. Following is NOT a feature of an organisation information value chain  a. It results higher firm profitability  b. Raw information is transformed through various stages that add value to that information  c. It provides less efficient business processes  d. Raw information is systematically acquired  e. It helps organisations to reduce operational cost

Customer -based organization structures run the risk of: a.Being too complex and slow moving b.Having teams too individually focused vs. the larger organization c.Focusing on product profitability d.Presenting too many faces to the custome

7   The ability of an organization to produce services that, by utilizing the consumer's five senses, have some uniqueness in their characteristics is:          Select one: a. flexible response b. experience differentiation. c. time-based competition d. differentiation

CRM systems help businesses achieve which of the following business objectives? Automated accounting processes Enhanced customer intimacy Enhanced supplier intimacy Faster time to market with new products and services