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Consider the following business capability model. there cells of a model are given different colors to represent desired maturity levels (Green (G) - level achieved, yellow (Y) = one level away, red (R) -two more more levels away, purple (P) = missing capability): Which of the following best describes what this model shows?
Which of me following is a benefit of Value Stream Mapping?
Consider the following definition of the elements of a value stream: What is the element labeled 7?
Consider the following extract of a model showing relationships between Business Architecture concepts: What is the relationship labeled Y?
Complete the sentence. A business capability is_____________________________________.
Consider the following representation of a business model: Which of the following business models is This an example of?
Which of the following best describes what a business model is?
Which of the following best describes a TOGAF Business Scenario?
Which Mop during development of a business scenario ensures that each iteration is managed as a mini-project?
In ufliai ADM Phase floes the detailed assessment ot business capability gaps occur?

Question 9 - OGB-001 discussion

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Which of the following best describes a benefit of business models?

A.
They can be used to resolve conflict amongst different stakeholders.
Answers
A.
They can be used to resolve conflict amongst different stakeholders.
B.
They can improve communication among business executives.
Answers
B.
They can improve communication among business executives.
C.
They can be used to calculate detailed cost estimates.
Answers
C.
They can be used to calculate detailed cost estimates.
D.
They have a consistent format that can be easily understood.
Answers
D.
They have a consistent format that can be easily understood.
Suggested answer: B

Explanation:

This answer is based on the benefit of business models as communication tools, as stated in the article "Business Models - Example, Types, Importance & Advantages" 2. According to this article, "Advantages of Business Models. A good business model gives the company a competitive edge in the industry. A strong business model provides the company good reputation in the market place encouraging investors to remain invested in the company." One of the ways that a good business model can achieve these advantages is by improving communication among business executives, as well as with other stakeholders such as customers, suppliers, and investors. A clear and concise business model can help convey the value proposition, target market, revenue streams, and cost structure of the business in an effective way. The other options are not as accurate or relevant as benefits of business models.

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asked 23/09/2024
Bryan Smith
43 questions
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