CMA Final · Entrepreneurship and Startup · Types of New Age Business
A Bengaluru firm, TurnWheel, lets households and small offices book scrap collection through an app. It earns a fee from recyclers on every pickup but owns no vehicles, because independent local collectors fulfil the orders. Which new-age business model does this most closely describe?
It is a digital aggregator marketplace. The firm owns no vehicles, uses an app to connect independent collectors with recyclers, and earns a fee per pickup. Its value lies in matching the two sides, not in owning operating assets, which is the typical asset-light platform model.
- ADigital aggregator marketplace connecting collectors and recyclersCorrect
- BSubscription box business
- CFranchise-owned retail chain
- DVertically integrated manufacturer
Explanation
TurnWheel owns no collection assets and earns a fee by matching supply (independent collectors) with demand (recyclers) through an app, which is the aggregator or platform marketplace model. A subscription box model would involve recurring product delivery, and a vertically integrated manufacturer would own the production chain.
Did you get it right without looking?
One question tells you little. A timed set on Types of New Age Business shows your real accuracy, how long you take and where you lose marks.
More Types of New Age Business questions
- A company lets customers pay a fixed monthly fee to receive a curated box of grooming products at home every month, and customers can cancel…
- Which statement best describes a fintech startup operating a digital lending platform that partners with regulated lenders rather than lendi…
- Case: Pixelnest's founders plan to raise growth capital. Which statement about a convertible note or similar instrument used at its early st…
- Case: A D2C brand, Nila Naturals, spends ₹600 to acquire each customer. Each customer yields an average contribution margin of ₹250 per year…
- Case: Kaveri Agritech Pvt Ltd offers farmers a mobile app that sells inputs and provides advice, and it earns from both input sales and a sh…
- A Bengaluru firm sells a software tool to businesses on a monthly fee, with customers able to cancel at any time. Which metric is most direc…