A Business Model Is the Mechanism Whereby, Through Effective Pricing

question 4

Multiple Choice

A business model is the mechanism whereby, through effective pricing, sales are transformed into revenues, costs are covered and __________ for the business owners.

• A)value is created
• B)costs are marginal
• C)marketing is created
• D)pricing is scheduled
• E)a value proposition is developed

---

Definitions:

Brexit Campaign

The political campaign leading up to the 2016 referendum in which the United Kingdom voted to leave the European Union.

Crimea

A peninsula in the northern part of the Black Sea, significant for its strategic military importance and historical events such as the Crimean War (1853–1856).

U.S. Presidential Election

A quadrennial event where eligible American citizens vote to elect the President and Vice President of the United States.

Southern Ossetia

A region in the South Caucasus, internationally recognized as part of Georgia but with a declaration of independence by local separatists, leading to ongoing territorial disputes.