In Regard to Business Models, Which of the Following Statements

question 39

Multiple Choice

In regard to business models, which of the following statements is incorrect?

• A) There is a standard business model that most firms follow.
• B) A firm's business model is inherently dependent on the collection of resources it controls and the capabilities it possesses.
• C) It is dangerous for a company to assume that it can be successful by simply copying the business model of another firm.
• D) A firm's business model is its plan or diagram for how it competes.
• E) It is often difficult to determine what another firm's business model is.

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Definitions:

Blockage

An obstruction that prevents movement or flow, often referring to the clogging of passages or pathways in biological or mechanical systems.

Ultraviolet Lamp

A lamp designed to emit ultraviolet (UV) light, used in various applications, including disinfection, curing of materials, and skin treatment.

Skin

The body's largest organ, which acts as a barrier protecting the body from external elements, helps regulate temperature, and provides sensory information.

Practitioner

A professional engaged in the practice of a specific field or occupation, particularly in fields such as medicine, law, and education.