Types of Business Models (VCE SSCE Business Management): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a business model's primary purpose?
What is a business model's primary purpose?
Plan to generate revenue & make profit
How can advertisers pay websites in the advertising model?
How can advertisers pay websites in the advertising model?
Per impression, per click, or fixed cost
What is the primary motivation of a social enterprise?
What is the primary motivation of a social enterprise?
Use profits to fund social causes
How much do Australian franchises contribute to the economy?
How much do Australian franchises contribute to the economy?
$128 billion
What key advantage do bricks-and-mortar businesses offer?
What key advantage do bricks-and-mortar businesses offer?
Face-to-face customer interaction
What are clicks-and-mortar businesses?
What are clicks-and-mortar businesses?
Bricks-and-mortar firms that added online
What is a critical disadvantage of franchising?
What is a critical disadvantage of franchising?
Far less independence for franchisee
What % of Australian shoppers tried new brands since COVID-19 started in 2020?
What % of Australian shoppers tried new brands since COVID-19 started in 2020?
More than 30%
Who is credited as the modern father of franchising?
Who is credited as the modern father of franchising?
Isaac Singer
What is an importer?
What is an importer?
Buys overseas products for home resale