the nine building blocks in Business Model Canvas, kindly give only the Value Proposition, Customer Relationship, Customer segment about a business app of recycling/sustainable clothes

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question
100%

From the nine building blocks in Business Model Canvas, kindly give only the Value Proposition, Customer Relationship, Customer segment about a business app of recycling/sustainable clothes. 

Value Propositions
Identify the core value the
company provides to customers.
What exactly is the company
trying to give to customers? What
problem is your company trying
to solve and what needs are your
company satisfying? How do you
offer something different that
satisfies the demands of your
customer segments (e.g. price,
quality, design, status)?
Key Partners
Key Activities
Identify your company's key
partners. This can consist of
important suppliers in your
supply chain. What key
resources does the company
receive from these partners?
What key activities are
performed by these partners?
Think about why your company
works with these key partners
and the motivations behind them.
What specific key activities are
necessary to deliver your value
proposition? What activities set
your company apart from others?
Consider how your company's
unique differences in its revenue
streams, distribution channels,
or customer relationships. Do
you need to procure specific niche
resources? Do you need to
streamline to keep costs and
prices low?
‒‒‒
Key Resources
What specific key resources or
assets are necessary to deliver
your value proposition? Consider
what resources your distribution
channels and revenue streams
may require to function.
Additionally, think about what
resources are needed to maintain
customer relationships. Does
your company require a lot of
capital or human resources?
Cost Structure
Identify the key costs in your company's business model. What are the major drivers of
costs? How do your key activities and key resources contribute to the cost structure?
How do your costs relate to your revenue streams? Are you properly utilizing economies
of scale? What proportion of costs are fixed and variable? Is your company focused on cost
optimization or value?
CFI
Customer Relationships
What type of relationship do you
have with your customers? How
do you interact with customers
and how does this differ amongst
customer segments? Do you
communicate frequently with your
customers? How much support
does your company provide?
Channels
How do you deliver your value
proposition? How do you reach
your customer segments? What
channels are used? Consider your
supply, distribution, marketing,
and communication channels. Are
they well-integrated and cost
efficient? Are they utilized
effectively?
Revenue Streams.
Identify the ways your value proposition generates money for your business. Does your
company have multiple methods of generating revenue? What is the pricing strategy for the
products offered by your company? Through what channels do your customers pay? Does
your company offer multiple forms of payment?
Customer Segments
Identify who is your value
proposition targets. Who are
you creating value for? Who are
your most important customers?
What are they like? What do they
need? What do they enjoy? What
is the customer market like? Are
you targeting a small niche
community or a mass market?
Transcribed Image Text:Value Propositions Identify the core value the company provides to customers. What exactly is the company trying to give to customers? What problem is your company trying to solve and what needs are your company satisfying? How do you offer something different that satisfies the demands of your customer segments (e.g. price, quality, design, status)? Key Partners Key Activities Identify your company's key partners. This can consist of important suppliers in your supply chain. What key resources does the company receive from these partners? What key activities are performed by these partners? Think about why your company works with these key partners and the motivations behind them. What specific key activities are necessary to deliver your value proposition? What activities set your company apart from others? Consider how your company's unique differences in its revenue streams, distribution channels, or customer relationships. Do you need to procure specific niche resources? Do you need to streamline to keep costs and prices low? ‒‒‒ Key Resources What specific key resources or assets are necessary to deliver your value proposition? Consider what resources your distribution channels and revenue streams may require to function. Additionally, think about what resources are needed to maintain customer relationships. Does your company require a lot of capital or human resources? Cost Structure Identify the key costs in your company's business model. What are the major drivers of costs? How do your key activities and key resources contribute to the cost structure? How do your costs relate to your revenue streams? Are you properly utilizing economies of scale? What proportion of costs are fixed and variable? Is your company focused on cost optimization or value? CFI Customer Relationships What type of relationship do you have with your customers? How do you interact with customers and how does this differ amongst customer segments? Do you communicate frequently with your customers? How much support does your company provide? Channels How do you deliver your value proposition? How do you reach your customer segments? What channels are used? Consider your supply, distribution, marketing, and communication channels. Are they well-integrated and cost efficient? Are they utilized effectively? Revenue Streams. Identify the ways your value proposition generates money for your business. Does your company have multiple methods of generating revenue? What is the pricing strategy for the products offered by your company? Through what channels do your customers pay? Does your company offer multiple forms of payment? Customer Segments Identify who is your value proposition targets. Who are you creating value for? Who are your most important customers? What are they like? What do they need? What do they enjoy? What is the customer market like? Are you targeting a small niche community or a mass market?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

Can you put the customer relationships into a bullet type and kindly add at least 1 sentence of explanatory notes

Solution
Bartleby Expert
SEE SOLUTION
Similar questions
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning