Entrepreneurship BMC FInal with complete solutions

What comprises the heart of the business model? - correct answer Value Proposition What does the Value Proposition do for the customer segment? - correct answer Satisfies a customer need and a customer problem Which of the following channels is NOT used to deliver the value proposition to the Customer Segment? - correct answer B Which of the following is NOT a motivation which drives customer relationships? - correct answer Building Long lasting personal friendships Which of the following pricing mechanisms falls under the fixed menu pricing criteria? - correct answer Real time market Which of the following is NOT a partnerships listed in the book? - correct answer Strategic acquisition Rents, certain salaries, and physical manufacturing facilities are examples of what type of cost structure? - correct answer Fixed cost When companies enjoy cost advantages as its output expands, we refer to this Cost Structure as - correct answer Economies of Scale Which of the following is not an economic trigger which gave rise to the Long Tail phenomenon in the media industry? - correct answer The rising popularity of Hip Hop Which company turned the traditional bestseller centric publishing model on its head by enabling anyone to publish? - correct answer L A multi sided platform grows in value to the extent that it attracts more users, a phenomenon known as - correct answer Exponential growth factor Wii, PSP and xbox utilize the same business model pattern (multi sided platform). Which one of the following best describes how Wii differentiated itself from the PSP and Xbox - correct answer Generated profitable revenue sources from both sides of the platform, console, and games Which one of the following is not one of the three different patterns that make free a viable business model option? - correct answer Buy one get one free linux is open source software created by and supported by which high tech company which was an example under free as a business model - correct answer Red hat The open business model is best represented by which of the following? - correct answer If we make the best use fo internal and external ideas, we win A business model describes the rationale of how an organization creates, delivers and captures value - correct answer True The business model process is based on twelve key building block - correct answer False, 9 potential customers are segmented in order which segments to serve, and which segments to ignore - correct answer true A "wholesaler" falls under channel types, partner and direct - correct answer False, partner and indirect A key activity for apple includes hardware development - correct answer true Dynamic pricing utilities predefined prices that are based on static variables - correct answer False, prices fluctuate The operations of consultancies, hospitals and other service organizations are typically dom