Identifying a Firm's Business Model Is Rarely Difficult in General

question 23

True/False

Identifying a firm's business model is rarely difficult in general terms,but can become more complex when intricate details are considered.

---

Definitions:

McDonaldization

The process by which the principles of the fast-food industry, such as efficiency, calculability, predictability, and control, have come to dominate other sectors of society.

McDonaldization

A term referring to the process by which the principles of the fast-food industry, such as efficiency, calculability, predictability, and control, are coming to dominate more sectors of society and life.

Regimented

Strictly controlled and organized, often with a focus on precise and orderly management or procedure.

Postmodernism

A broad movement that developed in the mid- to late-20th century across philosophy, the arts, architecture, and criticism, marked by a skeptical, relativist attitude toward culture, literature, art, philosophy, history, linguistics, and economics.