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A business model is how a company sells its products to customers and it’s plan for making a __________.
Profit
A manufacturer makes finished products from raw materials and is a type of:
Business Model
Selling your product directly to your end customers without third-party retailers, wholesalers, or other middlemen is called:
Direct to Consumer
A distributor buys products from _______________ and resells them either to wholesalers, retailers or the public.
Manufacturers
A _______________ buys products from a manufacturer, distributor, and/or wholesaler and sells directly to the consuming public.
Retailer
There are two types of retailers, Bricks-and-Mortar retailers and _____________ retailers.
Online
E-Commerce is an electronic medium to facilitate the buying and selling of products and services by businesses and consumers, and can support this approach to business: Name 3
Business to Business
Business to Consumer
Consumer to Consumer
McDonalds and Subway are examples of a ____________ business model.
Franchise
A local bank or hardware store are examples of a _____________ business model.
Brick and Mortar
Dollar Tree and low-cost air carriers are examples of the following business model:
Nickel and Dime
A Freemium business model does what?
offers some basic services for free, and then charges money for certain additional features
A furniture factory makes its products from wood and other raw materials. It is called a:
Manufacturer
An Online Marketplace allows sellers to compete for customers on one platform, and they collect a fee or commission per _____________.
Transation
A business model that charges a regularly scheduled fee, usually monthly or annually, for their products or services, is called:
Subscrition
Twitter is an example of a company that sells advertising for revenue, but also sells _______________ as another form of revenue:
Data
Companies that sell services like advertising and digital marketing to other companies are using the ______________ business model.
Agency
Companies who use the Direct Sales business model sell their products directly to the consumer in a ______________ environment.
Non Retail
SaaS stands for Software as a ____________:
Service
eBay is a form of:
Auction
Kickstarter and GoFundMe are forms of:
Crowdfunding
A business model where the merchant sells products from its web store but doesn’t keep an inventory or handle the fulfillment and shipping of the product; rather, it purchases the product from a third party as soon as the customer makes a purchase, and requires the third party to ship to the customer directly.
Dropshipping
The practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially from the online community.
Crowdsourcing
A business model used by companies who provide their services for free, and sell advertising space to fund their businesses.
Advertisement Model