Question

1) A business model is a plan that details how a company creates revenue.

a) True

b) False

2) The benefits of Business 2.0 include content sharing through open sourcing, user-contributed content, and collaboration inside and outside the organization.

a) True

b) False

3) The main advantage of ebusiness is the opportunity to open new markets.

a) True

b) False

Answer 1

1. True

A business plan is a company's core profit-making plan.

 

The main reason a business exists is to earn profits. All of it's activities are determined by whether it is profit-oriented or not.

 

2. True

This is one of the reasons why Business 2.0 is starting to be applied in a lot of business houses.

 

3. True

Helps to overcome geographical obstacles and reach a global market thus opening new markets for penetration.

True

True

True