Team members express ideas for 10/15 minutes without criticism

The freemium business model is

Offer a basic product for free and charge for advanced features

A franchise consists in

Sell the rights of your brand, production process and IP

The visionary entrepreneurs are those who

are ahead of their time and detect opportunities before anyone else

Capital is divided % of participation

Main functions of a company are

production, sales, investment and finance and HR

Marketing innovation is

a new way to commercialize a product

In R&D&i, the part of innovation corresponds to

when the new products are introduced to the market

Someone with capacity to develop an idea and innitiative to make it work

In a business model canvas, the Customer Relations shows

The way that we will relate to our clients

a set of key activities in a company to create and sell a product

Disruptive innovaiton is

the creation of products/business models that change market functioning

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Intro to Busienss I (1 - 4)

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Questions 14

Answers

1
Brainstorming is
Evaluate options & put them into 3 groups - POSITIVE, NEGATIVE, INTERESTING
Team members express ideas for 10/15 minutes without criticism
Visualize graphically all the key aspects to have in mind for the business
Use drawings to organize the content
2
The freemium business model is
Invite others to buy products of another company
Offer a basic product for free and charge for advanced features
offer a product through many channels-apps, mobiles, website, social media.
Charge a montly subscription to the users to have access to the product
3
A franchise consists in
Direct sales without intermediaries.
Buy products from a factory and resell them
Sell the rights of your brand, production process and IP
Transform raw materials in a final product to sell
4
The visionary entrepreneurs are those who
are ahead of their time and detect opportunities before anyone else
are obliged by circumstances to identify opportunities and develop business
have the capacity to influence other people to reach a common objective
have many habilities/knowledge within a determined area
5
In an SL
Capital is divided in shares
Ha unlimited liability
Minimal capital is 60 000 euros
Capital is divided % of participation
6
Main functions of a company are
General management, shareholders and management board
workers, owners, clients, suppliers
There is no need for functions.
production, sales, investment and finance and HR
7
Based on capital ownerships companies are
Primary sector, secondary sector and terciary sector
Freelance, SL and cooperatives
Small, medium and big companies
Public, private and mixed
8
A freelancer
Must produce shares
Needs 3000 euros minimal capital
always has limited responsibility to the company activities
Is a phisical person
9
Marketing innovation is
a new way to commercialize a product
modifications in the products that already excist
the introduction of a new product
a new way to organize the company
10
In R&D&i, the part of innovation corresponds to
the search for a practical application of investigation achievements
the usage of knowledge to develop new products
the experiments that are conducted to discover new knowlege
when the new products are introduced to the market
11
An entrepreneur is
Someone with capacity to develop an idea and innitiative to make it work
Someone who owns a company
Someone who becomes a milionnaire with a company
It is the same as a manager
12
In a business model canvas, the Customer Relations shows
How am I going to deliver my service to the client
The different groups of customers we will try to sell to
All those people who can help us with our business
The way that we will relate to our clients
13
The value chain is
the competitive advantage of a comany due to its USP
a department of the company that is specialized in concrete activities.
a set of key activities in a company to create and sell a product
the chain to produce a product
14
Disruptive innovaiton is
collaboration with other stakeholders to develop new ideas
the creation of products/business models that change market functioning
Continuous improvement strategy for existing products
a strategy centered in the clients and the development of new products

Intro to Busienss I (1 - 4) Flashcards | StudBud