Match the term with its definition.
-A component of the business model that identifies the nature and types of a company's sources of revenue
A)business model
B)business plan
C)critical risks section
D)financial plan
E)lean startup
F)marketing plan
G)pitch
H)product/service plan
I)revenue model
J)short plan
K)value proposition

Question

Quizplus · Accepted Answer

The revenue model specifically identifies the sources of revenue for the company.

Answer: A 
 The business model encompasses all aspects of a company's strategy, including the revenue model, value proposition, marketing plan, and product/service plan.

Answer: C 
 The critical risks section identifies potential risks and how they will be managed in the business plan.

Answer: D 
 The financial plan outlines the financial projections and strategies for the company.

Answer: E 
 A lean startup is a methodology for starting and growing a business with a focus on minimizing waste and maximizing efficiency.

Answer: F 
 The marketing plan outlines the strategies and tactics for promoting and selling the company's products or services.

Answer: G 
 A pitch is a presentation of the company's business plan and value proposition to potential investors or partners.

Answer: H 
 The product/service plan outlines the specifics of the company's products or services and how they will be developed, produced, and delivered.

Answer: K 
 The value proposition identifies the unique value that the company's products or services provide to customers compared to competitors.

Answer: B 
 The business plan is the overall document that outlines the company's strategy and includes components such as the revenue model, financial plan, marketing plan, and product/service plan. A short plan is a condensed version of the full business plan.

Match the Term with Its Definition