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Exam (elaborations)

BPI Exam 1 Graded A+ 2024

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  • Course
  • BPI - Broadband Installation Professional
  • Institution
  • BPI - Broadband Installation Professional

BPI Exam 1 Graded A+ 2024

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  • September 21, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BPI - Broadband Installation Professional
  • BPI - Broadband Installation Professional
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CLOUND
BPI Exam 1 Graded A+ 2024
0.0 - ANSWER-Profits, all about shareholders

1.0 - ANSWER-Greenwashing, Main goal is still to benefit the company

(this is what most businesses are)

2.0 - ANSWER-Triple Bottom Line, not only economic but social and environmental too

3.0 - ANSWER-Above and beyond, try to actively solve social issues

6 am to 6 pm (760 mins) - ANSWER-Chocolatier operates from

7 practices of effective reframing - ANSWER-Establish legitimacy
Bring outsiders into discussion
Get people's definitions in writing
Ask what's missing
Consider multiple categories
Analyze positive exceptions
Question the objective

activities - ANSWER-The actions that move the input through the process to become
outputs

advertising - ANSWER-fees for advertising a particular product

after sale support - ANSWER-helping customers resolve problems arising after
receiving value proposition (channel stage 5)

agile - ANSWER-incremental, separates project into sprints

agile - ANSWER-various approaches to software development under which
requirements and solutions evolve through the collaborative effort of self-organizing and
cross functional teams, allows for periodic checking, linear distinct phases

analyze - ANSWER-Systematic processing of the measured data to derive meaningful
insights - Must provide insights that are relevant for identifying the problems as well as
possible solutions

asset sale - ANSWER-selling ownership rights to product ex: ice cream shop

automated service - ANSWER-sophisticated self service , ex: netflix

, autonomation - ANSWER-Mechanisms guiding machines to detect problems, correct
them or halt production

Reduces defects

Stops at every abnormality

autonomation - ANSWER-mechanisms guiding machines to detecting problems or halt
prod. (principle of lean)

awareness - ANSWER-raising awareness about product ex: blow up things outside of
car dealerships for new deals (channel stage 1)

blue ocean strategy - ANSWER-market space is new and uncontested, and strategy
centers around value innovation. Really no competitors, a new product Focus on what
customers really care about Ex: Automobile, Movie Theater Industry

brand/status - ANSWER-value in specific brand

brokerage fees - ANSWER-intermediation services performed on behalf of 2 or more
parties ex: closing a deal on a house

business model canvas - ANSWER-is a strategic management tool to quickly and easily
define and communicate a business idea or concept

business process - ANSWER-a series of sequential events which serve a business
purpose

buyer-supplier relationship - ANSWER-interactions with third party organization that
supply goods or services

calculating price elasticity of demand - ANSWER-Price elasticity of demand
PED = % change in sales / % change in price
Your donut shop sells each unit for $2. After raising the prices to $2.50, you detected a
decline in sales from 5000 units a month to 4500 units.
What is the price elasticity of demand?
2.5 - 2 = .5 .5/2 = .25 5000 - 4500 = 500 500/5000 = .1
.1/.25 = .4 = Low elasticity, okay to raise the price

channel - ANSWER-the way to reach customer segments to deliver value proposition

chasing short term metrics - ANSWER-To keep up with the always changing market,
leaders lean more towards using process improvement for short term goals opposed to
the long run

co-creation - ANSWER-co-create value ex: threadless website

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