Which of the following would be appropriate when defining a business model?
A) the manner in which a business organizes itself so as to achieve its objectives
B) traditional business models have usually revolved around a number of products and/or services so as not to limit the business
C) the accounting standards which are used
D) a business model typically refers to the traditional "push system" of conducting business
E) all of the above

Question

Quizplus · Accepted Answer

A business model refers to the manner in which a business organizes itself so as to achieve its objectives. Accounting standards or product/service offerings do not necessarily define a business model. Option D is also incorrect as there are several different types of business models, and a push system is just one possible approach.

Which of the Following Would Be Appropriate When Defining a Business