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

Which of the following best describes what a business model is?
A) The rationale for how an organization, creates, deliveries and captures value.
B) The description of the structure and interaction of applications that provide Key business functions.
C) The representation of business assets in use, or planned by the enterprise.
D) A maturity model tor IT process management, continuous improvement and best practices.

The Open Group OGB-001 Exam - 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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Evette
9 months ago
Totally with you on A, it captures the essence!
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Lilli
9 months ago
C sounds interesting, but not quite what I expected.
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Luisa
9 months ago
Wait, is D really a business model? That seems off.
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Hyun
10 months ago
I think B is more accurate for tech companies.
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Van
10 months ago
Definitely A! It sums it up perfectly.
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Dong
10 months ago
I’m confused because option D sounds like it’s about processes, not a business model. I hope I remember this correctly!
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Sylvia
10 months ago
I practiced a similar question, and I think option B was more about IT structures, not really a business model.
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Onita
10 months ago
I’m not entirely sure, but I remember something about business models being related to value delivery. Was that option A?
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Carlee
11 months ago
I think a business model is about how a company creates and captures value, so I’m leaning towards option A.
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Aleisha
11 months ago
A business model is all about how a company creates and delivers value, so I'm confident A is the right answer.
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Son
11 months ago
I'm a bit confused by the wording of these options. I might need to review my notes before deciding.
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Elke
11 months ago
Option A sounds like the most comprehensive description of a business model. I'll go with that.
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Helga
11 months ago
Hmm, I'm not sure about this one. I'll have to read through the options carefully.
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Kasandra
11 months ago
This question seems straightforward, I think the answer is A.
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Youlanda
11 months 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.
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Gayla
11 months ago
Rule configuration might be an option, but I'm not familiar enough with OWS to say for sure.
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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?
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Burma
1 year ago
C) The representation of business assets in use, or planned by the enterprise.
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Burma
1 year ago
No, it's not about taking the company car for a spin. It's about how a business creates value.
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Burma
1 year ago
A) The rationale for how an organization, creates, deliveries and captures value.
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Susy
1 year 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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Tammara
1 year ago
B) The description of the structure and interaction of applications that provide Key business functions.
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Tammara
1 year ago
A) The rationale for how an organization, creates, deliveries and captures value.
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Carol
1 year 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
1 year ago
I'm not sure option B is quite right, that sounds more like an IT architecture description.
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Dominic
1 year 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
1 year 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
1 year ago
I agree with Belen, a business model is all about creating and capturing value.
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Belen
1 year ago
I think the answer is A) The rationale for how an organization creates, delivers and captures value.
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