A company's business model
A)concerns the actions and business approaches that will be used to grow the business, conduct operations, and stake a competitor's market position.
B)is management's blueprint for how it will generate revenues sufficient to cover costs and yield an attractive profit.
C)concerns what combination of moves in the marketplace it plans to make to outcompete rivals.
D)deals with how it can simultaneously maximize profits and operate in a socially responsible manner that keeps its prices as low as possible.
E)concerns how management plans to pursue strategic objectives, given the larger imperative of meeting or beating its financial performance targets.

Question

Quizplus · Accepted Answer

A company's business model refers to the plan or blueprint for how it will generate revenues, cover costs, and yield profits. It outlines key elements such as target customers, value proposition, revenue streams, and cost structure. While A, C, D, and E also relate to different aspects of a company's strategy, they do not fully capture the essence of a business model.

A Company's Business Model