BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Business model canvas consist of ____ blocks to understand the overall picture of the chosen business. (C1)
A
ten
B
eight
C
nine
D
six
Explanation: 

Detailed explanation-1: -It can be described through 9 building blocks: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships & Cost Structure.

Detailed explanation-2: -There are nine building blocks in the business model canvas and they are customer value proposition, customer segments, channels, customer relationships, revenue streams, key resources, key partners, key activities, and cost structure.

Detailed explanation-3: -Revenue stream. In the Business Model Canvas, the Revenue Streams building block details the way a business intends to solve customer problems for financial gain. Revenue streams represent the various ways a business generates cash from each customer segment.

Detailed explanation-4: -Key activities – the key activities building block describes the most important things a company needs to do in order to make its business model work. These are the most important actions a company takes to successfully operate.

There is 1 question to complete.