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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)?

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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

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Lindsay
20 days 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.
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Twana
6 days ago
I think option B is correct. The BMC is about how value will be created.
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Carmen
1 months ago
I disagree, I think the answer is A. The BMC describes what value the business will create.
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Phil
1 months ago
Haha, of course the BMC can be used for products too, not just businesses. Option D is just silly.
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Pete
30 days ago
Delmy: Exactly, it's a tool to describe and evolve how value will be created.
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Delmy
1 months ago
Option D is definitely not true, the BMC is versatile.
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Brianne
1 months ago
I agree, the BMC can definitely be used for products as well.
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Ligia
2 months ago
I agree with Melissia, because the BMC is about how value will be created.
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Brittni
2 months ago
If a product doesn't generate revenue, a BMC can still be useful to understand the business model. Option C is misleading.
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Harrison
2 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.
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Carmen
1 months ago
Definitely, the BMC is a great tool for understanding and evolving value creation.
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Andra
1 months ago
I think option B is the correct answer, it's about evolving how value is created.
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Raul
1 months ago
Yes, it's important to understand how value is created in a business.
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Bernadine
1 months ago
I agree, the BMC is all about describing how value is created.
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Melissia
2 months ago
I think the answer is B.
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