Asked by Jatesha Peters on Jun 01, 2024
Verified
What is the plan depicted on one page by filling in the nine blocks of the business model?
A) business brief
B) outline
C) Business Model Canvas
D) back-of-the-napkin plan
Business Model Canvas
A strategic management template for developing new or documenting existing business models across nine key components: Key Partners, Key Activities, Key Resources, Value Propositions, Customer Relationships, Channels, Customer Segments, Cost Structure, and Revenue Streams.
One Page
A concise document or overview that typically summarizes a complex topic or plan on a single page for clarity.
Back-Of-The-Napkin Plan
An informal or preliminary sketch of a plan or idea made spontaneously, often on a napkin or similar surface.
- Detect and elaborate on assorted planning instruments and documents employed in entrepreneurship, including pitch presentations, business propositions, and the Business Model Canvas.
Verified Answer
CF
Christina FitzerJun 06, 2024
Final Answer :
C
Explanation :
The nine-blocks of the Business Model Canvas is a visual representation of a company's business model. It includes key elements such as customer segments, value proposition, channels, customer relationships, revenue streams, key activities, key resources, key partners, and cost structure. It's commonly used by entrepreneurs and startups to quickly iterate and refine their business plan.
Learning Objectives
- Detect and elaborate on assorted planning instruments and documents employed in entrepreneurship, including pitch presentations, business propositions, and the Business Model Canvas.