The following reasons are given to explain the importance of a business model except:
A) Focuses attention on how all the elements of a business fit together and how they constitute a working whole.
B) Describes why the network of participants needed to make a business idea viable is willing to work together.
C) Articulates a company's core logic to all stakeholders, including the firm's employees.
D) Allows the transformation of the new venture into a social venture.

Question

Quizplus · Accepted Answer

The importance of a business model does not include the transformation of a new venture into a social venture. The other options all describe important aspects of a business model, including its ability to provide a holistic view of a business, explain why participants are willing to work together, and communicate a company's core logic to stakeholders.

The Following Reasons Are Given to Explain the Importance of a Business