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Flashcards

Untitled

Musngi Janelle English 44 cards

Cards in this deck (44)

  1. 1is a set of planned activities (sometimes referred to as business processes) designed to result in a profit in a marketplacebusiness model
  2. 2a document that describes a firm’s business model.business plan
  3. 3aims to use and leverage the unique qualities of the Internet, the Web, and the mobile platform.e-commerce business
    model
  4. 4defines how a company’s product or service fulfills the needs of customersvalue
    proposition
  5. 5describes how the firm will earn revenue, generate profits, and produce a superior return on invested capitalrevenue model
  6. 6a company that offers content, services, and/or products also provides a forum for advertisements and receives fees from advertisers.advertising revenue model
  7. 7a company that offers content or services charges a subscription fee for access to some or all of its offerings.subscription revenue model,
  8. 8a company receives a fee for enabling or executing a transaction.transaction fee revenue model,
  9. 9companies derive revenue by selling goods, content, or services to customerssales revenue model,
  10. 10companies that steer business to an “affiliate” receive a referral fee or percentage of the revenue from any resulting salesaffiliate revenue model,
  11. 11refers to the company’s intended marketspace (i.e., an area of actual or potential commercial value) and the overall potential financial opportunities available to the firm in that marketspace.market opportunity
  12. 12refers to the other companies selling similar products and operating in the same marketspace.competitive environment
  13. 13companies that sell very similar products and services into the same market segment.Direct competitors
  14. 14companies that may be in different industries but still compete indirectly because their products can substitute for one another.Indirect competitors
  15. 15produce a superior product and/or bring the product to market at a lower price than most, or all, of their competitorscompetitive advantage
  16. 16exists whenever one participant in a market has more resourcesasymmetry
  17. 17is a competitive market advantage for a firm that results from being the first into a marketplace with a serviceable product or service.first-mover advantage
  18. 18occurs when one firm develops an advantage based on a factor that other firms cannot purchaseunfair competitive advantage
  19. 19no competitive advantages or asymmetries because all firms have access to all the factors of productionperfect markets,
  20. 20is the plan you put together that details exactly how you intend to enter a new market and attract new customersMarket
    strategy
  21. 21describes how the company will organize the work that needs to be accomplishedorganizational development
  22. 22responsible for making the model workmanagement team
  23. 23a short two-to-threeminute presentation aimed at convincing investors to invest.elevator pitch
  24. 24typically provide a small amount of fundingIncubators
  25. 25are typically wealthy individuals (or a group of individuals) who invest their own money in an exchange for an equity share in the stock in the business.Angel investors
  26. 26invest funds they manage for other investorsVenture capital investors
  27. 27involves using the Internet to enable individuals to collectively contribute money to support a project.Crowdfunding
  28. 28customers only have to connect to the Internet or use their smartphone to place an order.E-tailers
  29. 29create an online environment where people with similar interests can transactCommunity providers
  30. 30distribute information content, such as digital video, music, photos, text, and artwork.Content providers
  31. 31offer users powerful search toolsPortals
  32. 32Companies that process transactions for consumers normally handled in person, by phone, or by mailtransaction brokers
  33. 33build a digital environment in which buyers and sellers can meet, display and search for products and services, and establish pricesMarket creators
  34. 34offer services online.service providers
  35. 35Companies that supply products and services directly to individual businessese-distributors
  36. 36create and sell access to digital markets.e-procurement firms
  37. 37sells business services to other firms.B2B service provider
  38. 38are efficiencies that result from increasing the size of a businessScale economies
  39. 39is an independent digital marketplace where hundreds of suppliers meet a smaller number of very large commercial purchasersexchange
  40. 40The ease, speed, and volume of transactionsmarket liquidity.
  41. 41industry-owned vertical marketplacesIndustry consortia
  42. 42Industry consortiahorizontal marketplaces
  43. 43digital network designed to coordinate the flow of communications among firms engaged in business together.private industrial network
  44. 44—

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Flashcards on Untitled, created by Musngi Janelle on 21/11/2024.
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Musngi Janelle
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