How Do Business Models Help Entrepreneurs Create Value

question 49

Multiple Choice

How do business models help entrepreneurs create value?

• A)by fulfilling unmet needs in an existing market
• B)by ensuring profits will be made
• C)by guaranteeing the stock will be valued
• D)by providing an interview template for new customers

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Definitions:

Wage Disparity

The difference in earnings between two or more groups within a workforce, often based on gender, race, occupation, or education level, that can lead to inequality.

Median Earnings

The middle value of earnings in a given distribution, with an equal number of persons earning more and less than this value.

Efficiency-wage Model

A theory suggesting that higher wages can lead to increased productivity by attracting better workers and motivating them to work harder.

Marginal Productivity

The additional output generated by employing one more unit of a particular input, holding other inputs constant.