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:

Formally Assessing

The systematic evaluation of something using established procedures or criteria to determine its value or quality.

Work Accomplishments

Achievements or completed tasks in a professional setting that contribute to an organization's goals.

Evaluation Purpose

The objective or reason behind assessing the performance, quality, or value of a person, product, or idea.

Training

The provision of learning opportunities to acquire and improve job-related skills.