A company's business model:
A) concerns the actions and business approaches that will be used to grow the business,conduct operations,please customers,and compete successfully.
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 is essentially its plan for generating revenue and making a profit. While all of the choices listed may be important elements of a business model, generating revenue sufficient to cover costs and yield an attractive profit is the primary goal of most companies.

A Company's Business Model