The First Component of a Sound Business Model Is the Need

question 76

True/False

The first component of a sound business model is the need to generate revenues.

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Definitions:

Privileged Domain

Areas of knowledge or skill in which individuals may demonstrate exceptional ability or expertise.

Reasoning

The mental process of generating conclusions, judgments, or inferences from facts or premises.

Naïve Psychology

An everyday, common-sense psychology that people use to understand and explain their own and others' behaviors.

Mental States

The condition of one's mind or psychological being at a particular time, including thoughts, feelings, and consciousness.