Under Which Component of the Business Model Would People and Culture

question 25

Multiple Choice

Under which component of the business model would people and culture fall?

• A)Key customer
• B)Value proposition
• C)Environment
• D)System capabilities

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Definitions:

Labor Demand

The total amount of workers that employers within an economy or industry are willing and able to hire at a given wage rate.

Income Inequality

Refers to the unequal distribution of earnings among individuals and groups within a society, leading to various economic and social issues.

Technological Growth

An increase in the efficiency of producing goods and services due to improvements in technology, innovation, and methods.

Skilled Workers

Individuals who have acquired special training, education, knowledge, and abilities to perform specific tasks efficiently.