Match each business model type with the correct description. Remember to select a different businessmodel type for each description.Business model typeProduct business modelMultisided business modelSolution business modelMatchmaking business modelDescriptionA company controls a platform where sellers and buyersexchange products or services.A product or service is designed according to specifics definedby each customer.A product or service is offered to customers.A company provides different products and services todifferent groups of clients who gain some benefit from theexistence of the other group of clients.

The phrase "business model" describes how a corporation generates revenue. It contains any…

Answered: Match each business model type with the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Any time you transact in the market (e.g., with another company) there are costs associated with that transaction. Group of answer choices True False
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You have been asked to reduce healthcare costs at your organization. With the implementation of the Affordable Care Act and overall healthcare costs on the rise, senior management has asked for you to develop a strategy to find the best health insurance in the competitive markets. A key focus for you is to decrease healthcare expenditures for the organization without foregoing quality for the employees. Senior managers in your organization recently participated in a national survey on “Purchasing Value in Health Care,” conducted by Towers Watson. Here are some of the results: Employers’ Top Challenges in Maintaining Affordable Benefit Coverage: Employees’ poor health habits Under use of preventative services High-cost catastrophic cases and end-of-life care Poor employee understanding of how to use the plan Overuse of care through employees seeking inappropriate care Poor quality or misuse of care because primary, specialty, and facility care are not integrated. You…
The Kimmy J Social Beauty Company is struggling to meet its marketing objective despite the strong social media presence of its founder. To determine why the firm is failing to reach its performance targets, the company’s executives are conducting a cost analysis in the hopes of identifying ways to reduce costs so that they can lower prices and promote the greater value of their products. Which of the following is NOT a fixed cost that is easily lowered? The Kimmy J Social Beauty Company is struggling to meet its marketing objective despite the strong social media presence of its founder. To determine why the firm is failing to reach its performance targets, the company’s executives are conducting a cost analysis in the hopes of identifying ways to reduce costs so that they can lower prices and promote the greater value of their products. Which of the following is NOT a fixed cost that is easily lowered? A. Shipping costs B. Material costs C. Commissions D. Employees’…
When comparing the Lexis and Westlaw legal research platforms, which of the following statements is true? Lexis is a better legal research platform than Westlaw and is the preferable legal research search engine. A search performed on Lexis should produce the same results as a search performed on Westlaw. Westlaw requires researchers to complete more trainings and certifications than Lexis. Lawyers use Westlaw, and paralegals use Lexis.
"Network Models supports high Informational value in business decisions for operational and strategic contexts". Discuss the statement with strong arguments in favour or against.
In the context of the fashion industry, we have examined in a very cursory some of the costs and benefits of the production of cheap consumer goods such as "fast fashion" The purpose of such an analysis of production is to identify the different types of ethical concerns and responsibility associated with both the production and consumption of these goods. You are to clarify in your view what are the primary ethical concerns, who bears the ethical responsibility, and what actions ought to be taken. Your essay ought to be at least 250 in length.
You are a police chief in a mid-size town and the city manager has tasked you with investigating the increase in homelessness in the downtown business district. The city manager advises you that he and the city council have been getting phone calls over the past two weeks from business owners complaining that homeless individuals are sleeping in their entrance ways and scaring their customers by panhandling. Using the interpretive planning and the emergent approach, discuss with the city manager how to plan and address this task.
The marketing department is considering a shift to internet-based advertising. The advertising rates and demographics of several different options are shown below. The marketing campaign goal is to reach the following audiences: Age 18 to 25-1,000,000 impressions Age 26 to 35- 1,500,000 impressions Age 36 to 45-750,000 impressions What mix of advertising investment will be most economical while still meeting the goals? Cost per thousand impressions Source A B (dollars) 30 20 Investment in Source A ($) Investment in Source B ($) Demographic breakdown 18-25 (30%), 26-35 (50 %), 36-45 (20%) 18-25 (10 %), 26-35 (60%), 36-45 (30%) Note: Round your answer to the nearest whole number value.
True or False The area of management which consists of all activities required to produce goods and services is usually referred to as operations management An analytical process combines raw materials or components to create a finished product. Basic research is a type of Research and Development that involves research activities undertaken specifically to put new or existing knowledge to us in producing goods and services. Typically, marketing personnel want a "long" product line with more options to give customers a greater choice
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As the vice president of sales for Dunder Mifflin, Inc., a company that manufactures and sells paper to commercial offices, it has come to your attention that there has been an increase in the number of customer complaints concerning your Scranton branch's service representatives. Of particular importance is the number of complaints that involve claims in excess of thousands of dollars. Because these large dollar amounts can lead to lawsuits being filed, you want to investigate what is causing the increase in complaints and how Dunder Mifflin can process these complaints to avoid burdensome litigation. What steps should you take to discover, in the most accurate and efficient manner, the reasons customers are filing complaints? What is the distinction between mediation and arbitration? Should Dunder Mifflin's sales contracts include a clause that requires the parties to attempt resolution of the dispute by mediation? By arbitration? By some other mechanisms? If Dunder Mifflin's sales…

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