Which of the Following Is the Proper Sequence for When

question 44

Multiple Choice

Which of the following is the proper sequence for when a firm should develop a business model?

• A) Preparation of the business model, initial validation of the business idea, opportunity recognition
• B) Initial validation of the business idea, establishing a growth plan, preparation of the business model
• C) Initial validation of the business idea, preparation of the business model, fleshing out the operational details of the firm
• D) Opportunity recognition, fleshing out the operational details of the firm, preparation of the business model
• E) Opportunity recognition, preparation of the business model, establishing a growth plan for the firm

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Definitions:

Lung Cancer

A type of cancer that begins in the lungs and is often associated with smoking, but can also occur in non-smokers due to other factors.

Festinger

Leon Festinger was a social psychologist known for his theory of cognitive dissonance, which describes the discomfort felt when holding conflicting beliefs, attitudes, or behaviors.

Psychology Text

A written or digital publication concerning the study of the mind and behavior, often used for educational purposes.

Cognitive Dissonance

A psychological state that describes the uncomfortable feeling when a person holds two or more conflicting cognitions, beliefs, attitudes, or values at the same time.