BUSINESS MODELVirtual Surveying LaboratoryKey PartnersKey ActivitiesValue PropositionCustomer RelationshipCustomer SegmentsIT Industry (WebDevelopers)Cost StructureRevenue StreamsGAIN CREATORSGAINSRealistic simulatedenvironmentCOVID Safety Variety ofsituationsSave money, time, and resourcesRealistic dataJOBSTO DOCan be accessedControlled environmentat the comfortInteraction withof your ownPortable - can be accessedTrue to lifeinstructor/ssurveyingеxperlenceanytime and anywhereLearn how to usehomesurveying tools &equipmentCollaborativeactivitiesVIRTUALEnhances student's enthusiasm forlearning through interactivityConvenience/SURVEYINGLABORATORYConduct Surveying Fleldwork:Taping on level, unlevel,and sloping groundPacingease of useVarious scenarios andLimitations of online schoolingdue to COVID-19Availableonlinemodes depending on whatskill needs to be enhancedScenarios are hard to visualizeRecord & analyzesurvey dataNo available equipment at homeAll in oneGoogle maps access - youcan go anywherelaboratoryHigh cost of equipmentVariables such asweather are easyLack of space/area to Practical skillsconduct surveyCost-effectiveare not honedto manipulatePAIN RELIEVERSPAINS

A business model is a type of business template that is made on a single page that includes the…

Answered: MODEL eying Laboratory artners =) (Web…

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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Somet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?
What is prescriptive analytics? What kinds of problems can be solved by prescriptive analytics? Which retail stores that you know of employ some of the analytics applications identified in this section? List the 11 categories of players in the analytics ecosystem.
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ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them.1. If the company offers this product, how will adverse selection affect it?
Don't use AI.
Big Data : Select an organization that employs a highly personalized approach to selling products or services to its customers online. Ideally, this is one that you have used in the past so that you are more familiar with it. What are some different ways that the selected organization employs personalization in its marketing efforts? What are some specific actions/behaviors that customers engage in on the organization’s website that enable personalized marketing efforts you identified above? What are some specific actions/behaviors that an organization could collect data on that might provide evidence that the personalization efforts identified above have had a positive effect? Which type of marketing analytics approach(es) (Descriptive, Diagnostic, Predictive, Prescriptive) would be best suited for establishing the value of personalization for the organization?
This is short question and has 5 sub parts interrelated. 1. Suppose there are many jobs related to business field, but you have chosen Marketing Manager as your prospective job. Defend your decision by clearly outlining the factors you considered while comparing the jobs available in the field in terms of knowledge and skill requirements for success, salaries, benefits, future growth opportunities, and any other criteria you value with choosing your career path. 2. Summarize the main skills, knowledge areas, and expertise expected of someone in the position of Marketing Manager. You are expected to summarize at least 10 main requirements of the job related to skills, knowledge areas, and/or expertise. Make sure to reference weblinks for each source. 3. Consider you are applying for the job of Marketing Manager. Summarize the skillset, knowledge, and expertise you possess. Consider the requirements of this job when choosing which skills and knowledge areas to summarize below. For…
Which skills and attributes commonly sought-after by employers for marketing positions? List five potential keywords. From a networking perspective, what are three groups on LinkedIn that are most beneficial for an unpcoming marketer to joi? Why?

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MODEL eying Laboratory artners =) (Web Key Activities Value Proposition Customer Relationship Customer Segments Cost Structure Realistic simulated GAIN CREATORS | GAINS Revenue Streams