In the _____ Business Model,the Initial Product Is Often Sold

question 96

Multiple Choice

In the _____ business model,the initial product is often sold at a loss or given away for free in order to drive demand for complementary goods.

• A) subscription-based
• B) razor-razor-blade
• C) pay-as-you-go
• D) direct sales

Understand the integration of areas in supply chain management.

Identify typical value chain support activities.

Know the definition and importance of value creation.

Understand the objectives and components of value chain management.

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Definitions:

International Specialization

A method where countries or regions focus on producing goods and services they are most efficient at, to enhance global trade efficiency.

Economies Of Scale

The reduction in cost per unit of goods or services produced as the scale of output increases.

World Price

The international market price of a commodity, determined by global supply and demand conditions.

Per-Unit Tariff

A specific tax levied on each unit of a good imported into a country, as opposed to a percentage of the value.