Business Models

A model in which business delivers goods to customers

• distributor model

• razor and blades model

• pay-as-you-go model

• utility model

According to Bruce Schneier, what is the primary business model of the internet?

• Selling products directly to consumers

• Mass surveillance

• Providing free services for users

• Selling hardware devices

In a business context, what does the term 'scalability' refer to?

• A) The ability to increase revenue without a significant increase in costs

• B) The ability to scale fish for a seafood business

• C) The ability to scale mountains for a tourism business

• D) The ability to scale down operations during a recession

Which of the following is a characteristic of a 'freemium' business model?

• A) Offering a free basic service with charges for premium features

• B) Offering all services for free indefinitely

• C) Charging a high initial fee with no additional costs

• D) Offering a free trial with mandatory subscription

What is the primary focus of a 'subscription' business model?

• A) One-time purchase

• B) Recurring revenue

• C) Seasonal sales

• D) Bulk discounts

In literature, what is a 'metaphor'?

• A) A direct comparison between two unrelated things

• B) A humorous imitation of a serious piece

• C) A long narrative poem

• D) A type of business model

Which sentence uses the correct form of the verb 'to be' in the past tense?

• A) She were going to the market.

• B) They was happy with the results.

• C) He were late to the meeting.

• D) We were excited about the new project.

Identify the correct sentence structure.

• A) Running quickly, the finish line was crossed by him.

• B) The finish line was crossed by him running quickly.

• C) He crossed the finish line running quickly.

• D) Quickly running, the finish line was crossed.

What is the meaning of the word 'entrepreneur'?

• A) A person who organizes and operates a business

• B) A person who works for a large corporation

• C) A person who invests in the stock market

• D) A person who manages a team within a company

Which of the following is an example of a 'brick-and-mortar' business?

• A) An online retail store

• B) A physical retail store

• C) A mobile app-based service

• D) A cloud computing service