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Business Model Quiz

Quiz by Melissa Ari

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20 questions
Show answers
  • Q1

    What external factors can affect a business? 

    Sociocultural, political, legal, physical resources and environmental considerations

    Economic, sociocultural, political, legal, competitive, technological and environmental considerations.

    Economic, sociocultural, political, legal, competitive, technical and management changes.

    Economic, sociocultural, political, legal, employee morale and environmental considerations

    45s
  • Q2

    What are the elements of the business model?

    Product, Price, Promotion and Place

    Offer, Price, Infrastructure and Financial Viability

    Partners, Key Activities, Key Resources, Value Proposition, Customer Relationships, Customer, Costs and Revenue

    Partners, Key Activities, Key Resources, Value Proposition, Customer Relationships, Channels, Customer, Costs and Revenue

    45s
  • Q3

    What is the purpose of a business model?

    A business model is to help customers choose a product.

    A business model is used for a business owner to train employees in the business so they can work more efficiently.

    A business model is a plan used to generate a profit. It details the goods or services the company intends to offer, its chosen market, the resources needed and how it can achieve profitability.

    A business model is to help a business in marketing.

    45s
  • Q4

    Every business will be successful?

    false
    true
    True or False
    45s
  • Q5

    What factors can influence consumer decision?

    Economic, psychological, technology, cultural and personal factors

    Social, environmental, cultural, personal and economic factors.

    Psychological, competitive, cultural, personal and economic factors.

    Economic, psychological, social, cultural and personal factors

    45s
  • Q6

    What internal factors can affect a business?

    Financial, physical, political, technological,  and human resources

    Physical, sociocultural, technological and human resources

    Financial, physical, technological and human resources

    Financial, legal, physical, technological and human resources

    45s
  • Q7

    New and existing businesses need a business model to be successful and profitable.

    true
    false
    True or False
    45s
  • Q8

    What is the purpose of a business?

    Users re-arrange answers into correct order
    Jumble
    60s
  • Q9

    Internal and external factors do NOT affect a business.

    false
    true
    True or False
    45s
  • Q10

    What year did Guccio Gucci establish the Gucci brand?

    1898

    1999

    1921

    1912

    45s
  • Q11

    How do you calculate profitability?

    Revenue + Costs = Profitability

    Revenue - Costs = Profitability

    Costs - Revenue = Profitability

    Revenue / Costs = Profitability

    45s
  • Q12

    A business does NOT need to satisfy customer needs and wants.

    false
    true
    True or False
    45s
  • Q13

    Match the business model headings and subheadings.

    Users link answers
    Linking
    60s
  • Q14

    Unscramble the sentence about the business model.

    Users re-arrange answers into correct order
    Jumble
    60s
  • Q15

    Technology can influence the success and innovation of businesses.

    true
    false
    True or False
    45s

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