From the course: Data Quality: Core Concepts

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Thought exercise: Understand the business model

Thought exercise: Understand the business model

From the course: Data Quality: Core Concepts

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Thought exercise: Understand the business model

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- [Instructor] The first step is to understand your business model. For the stock exercise, Sell Things Inc.'s business model aligns with a typical e-commerce organization, where they provide a marketplace for third-party vendors to sell items and consumers to purchase those items. Its revenue comes from two specific areas. First, platform fees from vendors so, that way, they can join the marketplace. And then, second, a percentage of any sale made on the platform goes to Sell Things Inc. In summary, the more vendors and items from the vendors, the stronger the marketplace. Now, take a second and think how data quality can tie to this before moving on to the next video.

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