In the Building Blocks for the Business Model Canvas, Value

question 17

Multiple Choice

In the building blocks for the business model canvas, value proposition includes ______.

• A) which need we are solving
• B) for whom this product creates value
• C) what assets we need
• D) how many revenue streams run into the model

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Definitions:

Decentralized Locations

A distribution strategy where operations or facilities are spread out across various geographical locations instead of being centralized in one spot.

Centralized Location

A strategic location chosen for warehousing or manufacturing operations to minimize transportation costs and maximize efficiency by serving various regions from a single point.

Component Commonality

The strategy of using the same parts or components in multiple products or models to reduce costs and simplify production.

Information System

An organized system for the collection, organization, storage, and communication of information; it typically involves people, technology, and processes.