Which element of the business model refers to the presence of substitute products in the market?
A)value proposition
B)competitive environment
C)competitive advantage
D)market strategy

Question

Quizplus · Accepted Answer

The competitive environment refers to the existing competition in the market, which includes the presence of substitute products. The value proposition refers to the benefits or value that the business offers to its customers. The competitive advantage refers to the unique advantage that a business has over its competitors. The market strategy refers to the plan to reach and serve customers in the market.

Which Element of the Business Model Refers to the Presence