Business Model Canvas Quiz

Who is credited with creating the Business Model Canvas?

• Michael Porter

• Alexander Osterwalder

• Peter Drucker

• Clayton Christensen

Which component of the BMC identifies the groups of people a business serves?

• Revenue Streams

• Value Propositions

• Customer Segments

• Channels

What is the primary way Netflix generates revenue according to the BMC?

• Licensing Content

• Advertising

• Subscription Fees

• Direct Sales

In the BMC, which block outlines how a company delivers its products or services?

• Key Activities

• Key Partnerships

• Channels

• Customer Relationships

Which component of the BMC focuses on the assets needed to deliver value?

• Customer Relationships

• Revenue Streams

• Cost Structure

• Key Resources

What is the core value proposition of Fresh Bites?

• Organic, eco-friendly meals

• Low prices

• Fast delivery

• Wide variety of cuisines

How does Fresh Bites primarily reach its customers?

• Television advertising

• Physical stores

• Website and mobile app

• Social media

Which of the following is a benefit of using the Business Model Canvas?

• Long-term focus

• Improved collaboration

• Detailed financial analysis

• Complexity in planning

What is a challenge of the Business Model Canvas?

• It is difficult to update

• It may oversimplify business strategies

• It lacks a focus on value creation

• It provides too much detail

What is a limitation of the BMC in terms of financial planning?

• It is too expensive to implement

• It lacks detailed financial planning

• It focuses only on short-term finances

• It includes too many financial details