The strategies an organization develops to provide value to the customers it serves is called a(n)
A)mission statement.
B)objective goal.
C)vision statement.
D)business model.
E)protocol.

Question

Quizplus · Accepted Answer

A business model refers to the strategies and methods that an organization employs to generate revenue and create value for its customers. It encompasses various aspects such as the target audience, distribution channels, pricing, value proposition, and cost structure. A mission statement outlines the purpose and goals of the organization, while a vision statement describes its desired future state. Objective goals are specific and measurable targets that an organization sets to achieve its mission and vision. A protocol refers to a set of rules or guidelines for conducting a particular activity or process.

The Strategies an Organization Develops to Provide Value to the Customers