M2

• Is a conceptual structure that supports the viability or feasibility of the business and explains who the business serves to, what it offers, how it offers it, and how it achieves its goals?

  Business Model
• All the business processes and policies that a company adopts and follows are part of the?

  Business Model
• "A business model is supposed to answer who your customer is, what value you can create/add for the customer and how you can do that at reasonable costs." This statement is according to whom?

  Peter Drucker
• Is a description of how a company creates, delivers, and captures value for the customer as well as itself?

  Business Model
• What are the components of a business model?

  Customers, Value Proposition, Operating Model, Revenue Model
• A business tool used to visualize all the building blocks when you want to start a business, including customers, route to market, value proposition and finance?

  Business Model Canvas (BMC)
• What are the blocks on the BMC?

  Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Activities, Key Resources, Key Partnerships, Cost Structure
• Block on the BMC that answer the questions: Who are the customers? What do they think? See? Feel? Do?

  Customer Segments
• Block on the BMC that answer the questions: What's compelling about the proposition? Why do customers buy, use?

  Value Propositions
• Block on the BMC that answer the questions: How are these propositions promoted, sold, and delivered? Why? Is it working?

  Channels
• Block on the BMC that answer the questions: How do you interact with the customer though their journey?

  Customer Relationships
• Block on the BMC that answer the questions: How does the business earn revenue from the value propositions?

  Revenue Streams
• Block on the BMC that answer the questions: What uniquely strategic things does the business do to deliver its proposition?

  Key Activities
• Block on the BMC that answer the questions: What unique strategic assets must the business have to compete?

  Key Resources
• Block on the BMC that answer the questions: What can the company not do so it can focus on its key activities?

  Key Partnerships
• Block on the BMC that answer the questions: What are the business major cost drivers? How are they linked to revenue?

  Cost Structure
• Precisely, a business model answers what following key questions?

  Who is the customer? (Customers); What value does the business deliver to the customers? (Value Proposition); How does the business operate? (Operating Model); How does the business make money? (Revenue Model)
• Forms the heart of a business model?

  Customer
• It answers who the company plans to sell its offerings to?

  Who is the customer? (Customers)
• This is the most important component of a business model that answers several keys customers and businesses?

  Value Propositions
• What are the three value related questions in a value proposition canvas?

  What are the jobs the customer wants to be done?; What are their pains in doing the job?; What do they gain by doing the job?
• Once these value related questions are answered, the business answers another set of questions that relates business to the customers. What are these?

  How does business get the job done?; How does the business relieve the customer's pain?; How can the business help the customer get the gains?