Which of the Following Best Describes a Business Model

question 18

Multiple Choice

Which of the following best describes a business model?

• A)A simple,abstract representation of a business process or processes.
• B)A sequence of business activities.
• C)An evaluation of potential business process improvements.
• D)None of the choices are correct.

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Definitions:

Innovation

The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.

C Corporation

An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.

Shareholders

Individuals or entities that own shares in a corporation, thus having a claim on part of its assets and earnings.

Legally Liable

Being subject to legal responsibility or obligation, particularly in the context of lawsuits or compensations.