207 Exam With Correct Answers 2025
ConvergenceCORRECT ANSWERS✔✔- The delivery of multiple types of media over a single wired or J J J J J J J J J J J J J
wireless pathway or device
J J J J
- Disrupts existing business models
J J J J
- Creates new opportunities
J J J
- Media industries no longer compete in just their own "silos"
J J J J J J J J J J
Democratization of MediaCORRECT ANSWERS✔✔- Time shifting J J J J J
- Consumer Created Content
J J J
Greater control when we can watch whenever we want
J J J J J J J J
Audience FragmentationCORRECT ANSWERS✔✔- Broadcast Networks
J J J J
- Cable Networks and online
J J J J
What is a business modelCORRECT ANSWERS✔✔- How a company creates a profit for itself while
J J J J J J J J J J J J J J
delivering products or services to customers
J J J J J J
, - Media must find the right business models to earn a profit from the products and services they offer
J J J J J J J J J J J J J J J J J J
- Be prepared to adjust or change business model
J J J J J J J J
- Respond to new competitors
J J J J
- New technologies
J J
Business Model MetaphorCORRECT ANSWERS✔✔- Lemonade Stand
J J J J J
- Charge consumers for each cup sold
J J J J J J
- Free samples of lemonade that is sold in stores
J J J J J J J J J
- All you can drink for a monthly fee
J J J J J J J J
- Give away lemonade charge to put marketing messages on the cups
J J J J J J J J J J J
Basic Media Business ModelsCORRECT ANSWERS✔✔Business Model
J J J J J
- Advertising
J
- Subscriptions
J
- Pay-per-view
J
State park Metaphor
J J
- Free admission with billboards in the park
J J J J J J J
- Annual pass to enter park unlimited times
J J J J J J J
- Per-car admission fee
J J J
Basic Elements of Business ModelsCORRECT ANSWERS✔✔- What product or service of value to your
J J J J J J J J J J J J J
customers will you offer?
J J J J
- Through which pathway (channel) will you deliver the product or service?
J J J J J J J J J J J
- How will you get money from your customers?
J J J J J J J J
"Monetize" your content J J
- How much will it cost to proceed the product or service? Can you make a profit?
J J J J J J J J J J J J J J J J
ConvergenceCORRECT ANSWERS✔✔- The delivery of multiple types of media over a single wired or J J J J J J J J J J J J J
wireless pathway or device
J J J J
- Disrupts existing business models
J J J J
- Creates new opportunities
J J J
- Media industries no longer compete in just their own "silos"
J J J J J J J J J J
Democratization of MediaCORRECT ANSWERS✔✔- Time shifting J J J J J
- Consumer Created Content
J J J
Greater control when we can watch whenever we want
J J J J J J J J
Audience FragmentationCORRECT ANSWERS✔✔- Broadcast Networks
J J J J
- Cable Networks and online
J J J J
What is a business modelCORRECT ANSWERS✔✔- How a company creates a profit for itself while
J J J J J J J J J J J J J J
delivering products or services to customers
J J J J J J
, - Media must find the right business models to earn a profit from the products and services they offer
J J J J J J J J J J J J J J J J J J
- Be prepared to adjust or change business model
J J J J J J J J
- Respond to new competitors
J J J J
- New technologies
J J
Business Model MetaphorCORRECT ANSWERS✔✔- Lemonade Stand
J J J J J
- Charge consumers for each cup sold
J J J J J J
- Free samples of lemonade that is sold in stores
J J J J J J J J J
- All you can drink for a monthly fee
J J J J J J J J
- Give away lemonade charge to put marketing messages on the cups
J J J J J J J J J J J
Basic Media Business ModelsCORRECT ANSWERS✔✔Business Model
J J J J J
- Advertising
J
- Subscriptions
J
- Pay-per-view
J
State park Metaphor
J J
- Free admission with billboards in the park
J J J J J J J
- Annual pass to enter park unlimited times
J J J J J J J
- Per-car admission fee
J J J
Basic Elements of Business ModelsCORRECT ANSWERS✔✔- What product or service of value to your
J J J J J J J J J J J J J
customers will you offer?
J J J J
- Through which pathway (channel) will you deliver the product or service?
J J J J J J J J J J J
- How will you get money from your customers?
J J J J J J J J
"Monetize" your content J J
- How much will it cost to proceed the product or service? Can you make a profit?
J J J J J J J J J J J J J J J J
