BA 101 - week 10 in class the business model canvas lecture quiz

How many boxes are there on the Business Model Canvas to fill out?

9

It is usually cheaper to acquire new customers than to continue selling to existing customers.

False

Examples of key activities include:

Production, problem solving and supply chain management

Which of the building blocks of the Business Model Canvas deals with how the business will make money?

Revenue Model

The first five building blocks of the Business Model Canvas are called the "front of the house", because they are the customer facing aspects of the business that are the easiest to observe and understand.

True

A company focusing on the key activities it is best at and outsourcing the rest is described in the lecture as a:

Value Chain

Even very smart people with lots of business experience can find it helpful to use the Business Model Canvas.

true

Now that you have completed this course, you know more about business than most people you will meet in everyday life (the answer is TRUE)

true

One of the powerful things about the Business Model Canvas is that it is visual.

true

The Business Model Canvas can help you understand how a business actually works.

true

You are and awesome student and Instructor Ford is super happy you took this course (The answer to this one is definitely TRUE)

true