Cyber Monday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

Scaled Agile Exam SAFe-APM Topic 1 Question 20 Discussion

Actual exam question for Scaled Agile's SAFe-APM exam

Question #: 20
Topic #: 1

[All SAFe-APM Questions]

Which statement is true about the business model canvas (BMC)?

AIt is a tool to describe what value the business will create

BIt is a tool to describe and evolve how value will be created

CIf a product does not generate revenue, a BMC is not useful

DIt only works for businesses, not for products

Show Suggested Answer

Suggested Answer: B

The BMC is a strategic management tool that lets you visualize and assess your business idea or concept. It consists of nine boxes that represent different fundamental elements of a business, such as customer segments, value propositions, channels, and cost structure. The BMC helps you to design, analyze, optimize, and communicate your business model, and to test and iterate it as you learn from the market feedback. The BMC can be used for any type of business or product, regardless of whether it generates revenue or not, as long as it delivers value to the customers.

Business Model Canvas - Wikipedia: This article from Wikipedia explains the concept and history of the BMC, and describes its nine building blocks and their relationships.

Business Model Canvas: Explained with Examples | Creately: This article from Creately provides a detailed guide on how to create a BMC, with examples and templates for different types of businesses and products.

Business Model Canvas -- Download the Official Template: This website from Strategyzer offers the official template and online courses, books, and webinars to master the BMC.

by Paulina at Sep 19, 2024, 10:57 AM

Limited Time Offer

25%

Off

Get Premium SAFe-APM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lindsay

2 months ago

The BMC is a versatile tool that can be applied to all sorts of value creation, not just revenue-generating businesses. Option A is a bit limited.

upvoted 0 times

Twana

8 days ago

I think option D is definitely wrong. The BMC can be applied to both businesses and products.

upvoted 0 times

...

Twana

14 days ago

I believe option C is incorrect. The BMC is still useful even if a product doesn't generate revenue.

upvoted 0 times

...

Twana

28 days ago

I agree, the BMC can be used for various types of value creation, not just revenue.

upvoted 0 times

...

Twana

1 months ago

I think option B is correct. The BMC is about how value will be created.

upvoted 0 times

...

...

Carmen

2 months ago

I disagree, I think the answer is A. The BMC describes what value the business will create.

upvoted 0 times

...

Phil

2 months ago

Haha, of course the BMC can be used for products too, not just businesses. Option D is just silly.

upvoted 0 times

Pete

2 months ago

Delmy: Exactly, it's a tool to describe and evolve how value will be created.

upvoted 0 times

...

Delmy

2 months ago

Option D is definitely not true, the BMC is versatile.

upvoted 0 times

...

Brianne

2 months ago

I agree, the BMC can definitely be used for products as well.

upvoted 0 times

...

...

Ligia

3 months ago

I agree with Melissia, because the BMC is about how value will be created.

upvoted 0 times

...

Brittni

3 months ago

If a product doesn't generate revenue, a BMC can still be useful to understand the business model. Option C is misleading.

upvoted 0 times

...

Harrison

3 months ago

The BMC is definitely a tool to describe how value is created, not just what value it creates. Option B is the correct answer.

upvoted 0 times

Carmen

2 months ago

Definitely, the BMC is a great tool for understanding and evolving value creation.

upvoted 0 times

...

Andra

2 months ago

I think option B is the correct answer, it's about evolving how value is created.

upvoted 0 times

...

Raul

2 months ago

Yes, it's important to understand how value is created in a business.

upvoted 0 times

...

Bernadine

2 months ago

I agree, the BMC is all about describing how value is created.

upvoted 0 times

...

...

Melissia

3 months ago

I think the answer is B.

upvoted 0 times

...

az-700 pass4success az-104 200-301 200-201 cissp 350-401 350-201 350-501 350-601 350-801 350-901 az-720 az-305 pl-300

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77