E-commerce Chapter 2 MCQ Review Course Study 2023.

E-commerce Chapter 2 MCQ Review Course Study 2023.16) ________ and ________ are typically the most easily identifiable aspects of a company's business model. A) Market strategy, market opportunity B) Value proposition, revenue model C) Value proposition, competitive environment D) Revenue model, market strategy - ANSWER Answer: B 17) All of the following are key elements of a business model except: A) competitive environment. B) organizational development. C) information technology strategy. D) market strategy. - ANSWER Answer: C 18) Which element of the business model addresses the question of why a customer should buy from the firm? A) revenue model B) competitive advantage C) market strategy D) value proposition - ANSWER Answer: D 19) Which element of the business model examines who else occupies the firm's intended marketspace? A) value proposition B) competitive environment C) competitive advantage D) market strategy - ANSWER Answer: B 20) Which of the following are Amazon's primary value propositions? A) personalization and customization B) selection and convenience C) reduction of price discovery cost D) management of product delivery - ANSWER Answer: B 21) Your solar-panel manufacturing firm has developed a unique and patented process for creating high-efficiency solar panels at a fraction of current costs. This will enable your firm to adopt a strategy of: A) cost competition. B) scope. C) scale. D) focus. - ANSWER Answer: A