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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
6 months ago
Totally with you on A, it captures the essence!
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Lilli
6 months ago
C sounds interesting, but not quite what I expected.
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Luisa
6 months ago
Wait, is D really a business model? That seems off.
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Hyun
7 months ago
I think B is more accurate for tech companies.
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Van
7 months ago
Definitely A! It sums it up perfectly.
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Dong
7 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
7 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
7 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
8 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
8 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
8 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
8 months ago
Option A sounds like the most comprehensive description of a business model. I'll go with that.
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Helga
8 months ago
Hmm, I'm not sure about this one. I'll have to read through the options carefully.
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Kasandra
8 months ago
This question seems straightforward, I think the answer is A.
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Youlanda
8 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
8 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
12 months 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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