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

Actual exam question for The Open Group's OGB-001 exam
Question #: 16
Topic #: 1
[All OGB-001 Questions]

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

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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.


by Felix at Apr 13, 2024, 03:30 AM

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Susy
1 days ago
Option D? Really? A maturity model for IT processes? That's definitely not what a business model is all about.
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Carol
2 days ago
Option C is interesting, but I think it's more about representing assets rather than the overall business model.
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Berry
3 days ago
I'm not sure option B is quite right, that sounds more like an IT architecture description.
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Dominic
5 days ago
A business model is the foundation of how a company operates and generates revenue. Option A seems to capture that best.
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Kaycee
6 days ago
I'm not sure, but I think it might be C) The representation of business assets in use or planned by the enterprise.
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Tiera
7 days ago
I agree with Belen, a business model is all about creating and capturing value.
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Belen
12 days ago
I think the answer is A) The rationale for how an organization creates, delivers and captures value.
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