Discuss The Open Group OGB-001 Exam Topic 1 Question 16

Which of the following best describes what a business model is?

AThe rationale for how an organization, creates, deliveries and captures value.

BThe description of the structure and interaction of applications that provide Key business functions.

CThe representation of business assets in use, or planned by the enterprise.

DA maturity model tor IT process management, continuous improvement and best practices.

Suggested Answer: A

The Business Model Canvas is a strategic management tool that allows to visualize and document the key elements of a business model on a single page. It consists of nine building blocks: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure.According to Wikipedia3, The Business Model Canvas ''offers a visual chart with elements describing a firm's or product's value proposition ,4infrastructure, customers, and finances,1assisting businesses to align their activities by illustrating potential trade-offs.'' The image provided by the user is an example of a Business Model Canvas with icons representing each building block.

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29 comments · newest first

Evette 10 months ago

Totally with you on A, it captures the essence!

Lilli 11 months ago

C sounds interesting, but not quite what I expected.

Luisa 11 months ago

Wait, is D really a business model? That seems off.

Hyun 11 months ago

I think B is more accurate for tech companies.

Van 11 months ago

Definitely A! It sums it up perfectly.

Dong 12 months ago

I’m confused because option D sounds like it’s about processes, not a business model. I hope I remember this correctly!

Sylvia 12 months ago

I practiced a similar question, and I think option B was more about IT structures, not really a business model.

Onita 12 months ago

I’m not entirely sure, but I remember something about business models being related to value delivery. Was that option A?

Carlee 1 year ago

I think a business model is about how a company creates and captures value, so I’m leaning towards option A.

Aleisha 1 year ago

A business model is all about how a company creates and delivers value, so I'm confident A is the right answer.

Son 1 year ago

I'm a bit confused by the wording of these options. I might need to review my notes before deciding.

Elke 1 year ago

Option A sounds like the most comprehensive description of a business model. I'll go with that.

Helga 1 year ago

Hmm, I'm not sure about this one. I'll have to read through the options carefully.

Kasandra 1 year ago

This question seems straightforward, I think the answer is A.

Youlanda 1 year ago

I've worked with NFS a bit before, so I think I can handle this. The key is to focus on the specific details in the statements.

Gayla 1 year ago

Rule configuration might be an option, but I'm not familiar enough with OWS to say for sure.

Shala 1 year ago

A business model? I thought you said a 'business modal'! Is that when you take the company car for a spin?

Burma 1 year ago

↳ replying to Shala

C) The representation of business assets in use, or planned by the enterprise.

Burma 1 year ago

↳ replying to Shala

No, it's not about taking the company car for a spin. It's about how a business creates value.

Burma 1 year ago

↳ replying to Shala

A) The rationale for how an organization, creates, deliveries and captures value.

Susy 1 year ago

Option D? Really? A maturity model for IT processes? That's definitely not what a business model is all about.

Tammara 1 year ago

↳ replying to Susy

B) The description of the structure and interaction of applications that provide Key business functions.

Tammara 1 year ago

↳ replying to Susy

A) The rationale for how an organization, creates, deliveries and captures value.

Carol 1 year ago

Option C is interesting, but I think it's more about representing assets rather than the overall business model.

Berry 1 year ago

I'm not sure option B is quite right, that sounds more like an IT architecture description.

Dominic 2 years ago

A business model is the foundation of how a company operates and generates revenue. Option A seems to capture that best.

Kaycee 2 years ago

I'm not sure, but I think it might be C) The representation of business assets in use or planned by the enterprise.

Tiera 2 years ago

I agree with Belen, a business model is all about creating and capturing value.

Belen 2 years ago

I think the answer is A) The rationale for how an organization creates, delivers and captures value.

The Open Group OGB-001 Exam - Topic 1 Question 16 Discussion