NUR 3112 - EXAM TWO COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE ANSWERS BRAND NEW EXAM ALREADY GRADED A+

NUR 3112 - EXAM TWO COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED
AND 100% ACCURATE ANSWERS BRAND NEW EXAM ALREADY GRADED A+

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Business Model(ANSWER)A framework that specifies how a company creates, delivers, and extracts
value



5 Components of a Business Model(ANSWER)Offering

Customer

Strategy

Infrastructure

Financial Viability



Business Model Innovation(ANSWER)Significant change in one or more of the five components of the
business model



Step 1 in Building a Business Model(ANSWER)Define the Customer Problem

(new offerings)

(lack of time, lack of money, lack of skills, lack of access)



Step 2 in Building a Business Model(ANSWER)Define the Offering

What products of services will your business offer and sell to customers? CVP



Step 3 in Building a Business Model(ANSWER)Identity the Customer

Focus in on segments of a market that your offering is serving. (customer segments)



Step 4 in Building a Business Model(ANSWER)Develop the Strategy

(cost leadership, differentiation, blue ocean)



Step 5 in Building a Business Model(ANSWER)Delineate Required Infrastructure

(technology, intellectual property, people, suppliers, facilities, cash)