Which of the following statements about business models is incorrect?
A) There are two general types of business models.
B) There is no perfect business model.
C) Most of the standard business models have been in place for some time.
D) A firm's business model is confined to its own boundaries.
E) Firms should guard themselves against thinking that one particular business model is a "home run" regardless of circumstances.

Question

Quizplus · Accepted Answer

A firm's business model is not necessarily confined to its own boundaries. In fact, some business models involve partnerships or collaborations with other firms, or may involve outsourcing certain functions to other companies.

Which of the Following Statements About Business Models Is Incorrect