With respect to the components of a business model,a ________ 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 component of a business model that explains the value or benefit that the product or service has to offer to customers. It outlines the problem that the product/service solves for customers, the benefits it provides, and why it is better than competing offerings. A value grid is a tool for mapping business model components, while cost structure and revenue stream are other components of a business model. Value migration refers to a shift in customer demand and preferences over time.

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