Self-assessment test (AHEAD Module 2; Lecture 4)

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The following questions aim to assess your knowledge after completing Lecture 4 Business model innovations suitable for inclusive innovation from Module 2 “Inclusive and Grassroots Innovation”. Please, select all response options that you believe are correct. More than one answer is possible.

The project AHEAD (Ref. No 585919-EPP-1-2017-1-RO-EPPKA2-CBHE-JP) has been funded with support of the European Commission. The European Commission support for the production of this document does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

1. Which of the following are the dimensions of a business model? *

1 point

Value proposition

Value creation

Value appropriation

Profit and social outcomes

Business mission

Required

2. A business model innovation can occur in a number of ways. Typical examples include: *

1 point

Adding novel activities

Linking activities in novel ways

Cost reduction

Market segmentation

All mentioned above are typical examples of a business model innovation

3. The business model innovation “Co-creation of value involving consumers” has two main steps in its implementation. Which are these steps? *

1 point

Creation consumers’ awareness of their needs

Creating consumers’ understanding of the solution

Enhancing the overall consumer experience

Reducing cost

Introducing technological innovation

Required

4. The Business model canvas includes the following bulding blocks: *

1 point

Value proposition

Customer segments, customer relationships and communication channels

Resources, activities and partners the business has to deliver the value proposition to its customers

Competitors and regulatory environments

Cost structure and revenue streams

Required

5. Mark all the options that apply to Value Proposition. *

1 point

Price

Cost reduction

Convenience/usability

Usage fees

Subscription

Required

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