BPI Module I Exam questions an answers verified 2024

BPI Module I Exam
What is a business model? - correct answer ✔

What is the business model canvas? - correct answer ✔

What are the types of customer segments? - correct answer ✔

What are the types of value propositions? - correct answer ✔

What are the types of partnerships? - correct answer ✔

What are the types of revenue streams? - correct answer ✔

What is price elasticity of demand? How to calculate it? - correct answer ✔

What is the strategy of opening a new market to avoid competition? - correct answer ✔

What is fixed cost? - correct answer ✔

What is variable cost? - correct answer ✔

What is total cost? - correct answer ✔

How do you calculate opportunity cost? - correct answer ✔

What is offshoring? - correct answer ✔

What is outsourcing? - correct answer ✔

What is the difference between offshoring and outsourcing? - correct answer ✔

What is specialization? - correct answer ✔

What are economies of scale? - correct answer ✔

What is the difference between specialization and economies of scale? - correct
answer ✔

What is the business process? - correct answer ✔

What are the 4 elements of the business process? - correct answer ✔

What are the 2 types of process clients? - correct answer ✔