A business model comprises of __________ and whether the company can make money doing that.
A) what managers do to develop the organization's strategies
B) focus on the short-run performance of an organization
C) a process that is done best if it is done quickly
D) providing products/services that customers will value
E) beating the competition

Question

Quizplus · Accepted Answer

A business model outlines how a company intends to provide products/services that customers will value and whether that will generate revenue/profits in the long run. It is not solely focused on short-run performance or beating the competition, although those may be factors considered in developing a successful business model. It is also not a process that is necessarily done quickly, and while managers may be involved in developing the model, it is not the same as developing the organization's strategies.

A Business Model Comprises of __________ and Whether the Company