A(n)________ is a story of how a firm will create value for customers and how it will do so profitably.
A)design specification
B)business model
C)job characteristics model
D)administrative linkage
E)process architecture

Question

Quizplus · Accepted Answer

A business model is a description of how an organization generates revenue and makes a profit by delivering value to the customers. It outlines the structure of the organization and its operations, as well as the products or services it offers, the target market, and the revenue streams. A design specification refers to detailed instructions on how a product should be designed or manufactured, while a job characteristics model explains the different dimensions of a job that influence employee motivation and satisfaction. Administrative linkage is a type of organizational structure that involves coordination between different departments or units, while process architecture refers to the design and implementation of business processes.

A(n)________ Is a Story of How a Firm Will Create