Transformative Business Models: Overview & Types

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Bernaly has created an online marketplace that allows people to sell their crafts. Because the risk of this type of business is spread around among all the sellers and the marketplace itself, Bernaly's business could be described as _____.

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Juliana is creating a transformative business that teaches girls how to fix cars. To learn, they take old cars and fix them up before donating them to local charities. Those charities then donate their old cars for Juliana's group to work on. This business model, based on recycling and reusing, is _____.

2. Mohammed has created an app that allows businesses to rent technology, like a projector or a set of laptops, only when they need it. This means that businesses only pay for the technology when they want to use it, a model known as _____.

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Test your understanding of transformative business models with this five-question quiz and worksheet. The quiz requires you to recall a business model in which the customer pays only when they want to use a product or service, among other details.

Quiz & Worksheet Goals

This quiz tests you on the following:

  • Type of business in which the risk is spread around
  • Business model that involves recycling and reusing
  • Paying only to use something when you need it
  • When people rent out something they own
  • Elements often found in transformative businesses

Skills Practiced

  • Information recall - access the knowledge you've gained about a business model based on recycling and reusing
  • Interpreting information - verify that you can read information about renting out an item that you own and interpret it correctly
  • Knowledge application - use your knowledge to answer a question about elements of transformative businesses

Additional Learning

Keep learning about this topic with the lesson titled Transformative Business Models: Overview & Types. Here's a quick look at what's covered:

  • Six key elements of transformative businesses
  • Popular companies that use emergent technologies
  • Adapting in response to industry changes
Support