A Business Model Is a Description of How Different Levels

question 145

True/False

A business model is a description of how different levels and employees in the organization must perform for the organization to achieve its goals and objectives.

---

Definitions:

Cash Disbursements

Money that is paid out by a company, often including expenses, dividend payments, and other cash outflows.

Administrative Expenses

Costs related to the management and general operations of a business, such as salaries of non-sales personnel, rent, and utility expenses.

Selling Expenses

Costs associated with the marketing and sale of products or services, including advertising, sales commissions, and store fixtures.

Cash Available

Cash available refers to the liquid funds that a company or individual has on hand or in bank accounts, readily accessible for use.