Open business models are used by firms to:
A)Rely on at least one customer group benefiting from free offer
B)Reduce inventory costs and focus on niche markets
C)Bring together separate, interdependent customers
D)Create and capture value by systematic collaboration

Question

Quizplus · Accepted Answer

Open business models allow firms to create and capture value by working collaboratively with external partners, such as customers, suppliers, and other companies. This can lead to increased innovation, reduced costs, and improved market share. Option A relates more to a freemium business model, while option B is more aligned with a focused differentiation strategy. Option C could potentially be a benefit of an open business model, but it is not the primary purpose.

Open Business Models Are Used by Firms To