Which element of the business model relates to the power of customers and suppliers with respect to a business?
A) value proposition
B) competitive environment
C) competitive advantage
D) market strategy

Question

Quizplus · Accepted Answer

The competitive environment element of the business model relates to the power of customers and suppliers. This includes factors such as the bargaining power of customers and suppliers, and the intensity of competition in the industry.

Which Element of the Business Model Relates to the Power