With respect to the components of a business model,________ is the utility that the product/service has to offer to customers.
A) cost structure
B) value grid
C) value migration
D) value proposition
E) revenue stream

Question

Quizplus · Accepted Answer

The value proposition is the utility or unique benefit that the product or service offers to the customers. It explains how the product or service will solve a problem or meet a need for the customers. The cost structure refers to the costs involved in creating and delivering the product or service. The value grid refers to the different customer segments and their needs. Value migration refers to the changes in customer preferences and behaviors that might affect the business. Revenue stream refers to the sources of revenue for the business.

With Respect to the Components of a Business Model,________ Is