Benchmarks

Question 1

new york (state)

Answer 1

20M

Question 2

china (population)

Answer 2

1.4B

Question 3

India (population)

Answer 3

1.3B

Question 4

US (population)

Answer 4

320M

Question 5

Indonesia (population)

Answer 5

250M

Question 6

Brazil (population)

Answer 6

200M

Question 7

China (households)

Answer 7

445M

Question 8

India (households)

Answer 8

260M

Question 9

US (households)

Answer 9

120M

Question 10

Indonesia (households)

Answer 10

63M

Question 11

Brazil (households)

Answer 11

60M

Question 12

World population

Answer 12

7B

Question 13

Asia Pacific

Answer 13

4.5B

Question 14

Africa

Answer 14

1.2B

Question 15

North America

Answer 15

580M

Question 16

EU

Answer 16

510M

Question 17

South America

Answer 17

420M

Question 18

US health insurance

Answer 18

92% total

68% = private
34% = public coverage

Question 19

Crowd Source Business Model

Answer 19

cilitates companies with access to operational solutions like ideas and technologies, upgraded consumer interaction, opportunities for co-collaboration, operation optimization, and reduced costs.

ex: kickstarter

Question 20

high touch

Answer 20

ustomers’ interaction and involvement are on the highest level to make the experience personalized. It is a phenomenon in which a customer gets involved in a kind of partnership with the business. High touch is needed for larger accounts because they pay more and are sticky.

ex: buying a car at auto dealership, house, enterpreise SaaS

Question 21

low touch

Answer 21

the product or service is delivered by minimum customer interaction. Low touch is good for low price software tools where acquiring customers is easier.

ex: surveymonkey, zendesk

Question 22

Flex Pricing

Answer 22

final price of an item is negotiable

Question 23

Auction-Based Business

Answer 23

eBay, amazon

Question 24

reverse auction

Answer 24

Eligible suppliers bid lower and lower at each subsequent round to entice the business and win the contract.

ex: seeking government contracts

Question 25

brokerage business

Answer 25

provides a single platform to buyers and sellers for communicating the deals. It charges a fee for any transaction between the parties either from the buyer or the seller depending on the featured category.

ex: expedia, century21

Question 26

bundling

Answer 26

combines products or services to offer a package gathered as a single combined unit to sell at a comparatively low price. It is the form of convenient purchasing for several products and services from a single business unit

ex: microsoft office 365, value meal at burger king

Question 27

disintermediation

Answer 27

deal directly with customers

dell, tesla

Question 28

fractionalization

Answer 28

pizza by the box or by individ. slices

Question 29

pay as you go

Answer 29

per usage of product / service

Question 30

product as a service

Answer 30

sell the servica product rather than the product itself

ex: zipcar, fedex (printing)

Question 31

standardization model

Answer 31

does not have a customized model

ex: minuteclinics, beleza natural

Question 32

user base communities

Answer 32

interactive platform where users communicate on their own

Question 33

leasing

Answer 33

renting large or high profile items instead of selling them

ex: home depot (tool rental)