What is a Business Model? - Definition & Relationship to Operations

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What is a business model?

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1. Which of the following is NOT a type of business model?

2. Which of the following would NOT be an example of a franchise business model?

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About This Quiz & Worksheet

See what kind of knowledge you have about business models and their characteristics by using these educational resources. You will be quizzed on examples of these models.

Quiz & Worksheet Goals

These assessments help check your knowledge of:

  • The definition of a business model
  • Example of a franchise model
  • The correlation between operations and business models
  • How department managers notify senior management of needed departmental changes

Skills Practiced

  • Information recall - access the knowledge you have gained regarding the different forms of these models
  • Knowledge application - use your knowledge to answer questions about traits of a franchise model
  • Interpreting information - verify that you can read information regarding the relationship between models and operations and interpret it correctly

Additional Learning

If you are still looking to learn more about these models, go through the lesson called What is a Business Model? - Definition & Relationship to Operations. It will help you accomplish these tasks:

  • Examine the purpose of having a business model
  • Identify characteristics of different models in business
  • Determine why models are dynamic
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