In the Context of the Value Net, Identify the Definition

question 32

Multiple Choice

In the context of the value net, identify the definition of competitors.

• A)Individuals or organizations that make customers value an organization's output less because it offers its own product or service
• B)Individuals, groups, or organizations that provide important inputs for an organization
• C)People who promote the good or well-being of others
• D)Social entrepreneurs who creates something new through the combination of diverse and different elements

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Definitions:

Lump Sum Payment

One lump sum payment made at a specific moment, rather than multiple smaller payments over time.

Management Contract

An agreement between two parties wherein one party agrees to manage the operations of a project or business on behalf of the other for a predetermined period and fee.

Anticipated Cash Outflow

The expected amount of money to be spent in the future for expenses, purchases, or investments.

Compounded Quarterly

Interest calculation method where the earned interest is added to the principal at the end of each quarter, then new interest is calculated on the new total.