Which of the Following Represent the Three Bridge Elements That

question 8

Multiple Choice

Which of the following represent the three bridge elements that tie together the major components of the business model?

• A)Customer benefits, configuration, and company boundaries.
• B)Firm benefits, configuration, and functional boundaries.
• C)Customer benefits, configuration, and functional boundaries.
• D)Core strategies, strategic resources, and value networks.

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Definitions:

Relevant Cost

Costs that will be affected by a decision in the future and therefore should be considered in decision-making processes.

Sell or Process Further

A decision-making process used in managerial accounting to determine whether it is more profitable to sell a product as is or process it further.

Incremental Revenue

The additional revenue generated from a new business action or decision, beyond the existing revenue stream.

Incremental Costs

Incremental costs refer to the additional costs that a company incurs when increasing its production or activities by a small amount, also known as marginal costs.