ExamGecko
Question list
Search
Search

Question 53 - OGBA-101 discussion

Report
Export

Which of the following best describes a business model?

A.
A visual model for business process management.
Answers
A.
A visual model for business process management.
B.
A representation of business assets in use.
Answers
B.
A representation of business assets in use.
C.
A description of the structure and interaction of business applications.
Answers
C.
A description of the structure and interaction of business applications.
D.
A high-level visual representation of the design of a business.
Answers
D.
A high-level visual representation of the design of a business.
Suggested answer: D

Explanation:

A business model is a high-level conceptual representation that explains how an organization creates, delivers, and captures value. This encompasses the organization's core logic for creating value, and may include its intended customer segments, the value propositions it offers, the channels through which it reaches customers, customer relationships it establishes, key activities, resources, and partnerships, as well as the revenue streams and cost structures. Thus, it is a visual and strategic representation of how a business operates and competes in the marketplace.

asked 23/09/2024
Miles Greenyer
38 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first