Which of the Following Is NOT One of the Four

question 25

Multiple Choice

Which of the following is NOT one of the four elements of the core strategy section of the Barringer/Ireland Business Model Template?

• A) Business Mission
• B) Key Assets
• C) Basis of Differentiation
• D) Target Market
• E) Product/Market Scope

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Definitions:

Biological Needs

Basic physiological requirements essential for maintaining life, such as food, water, and shelter.

Motives

Internal states or conditions that activate behavior and give it direction towards specific goals or needs.

Equilibrium

Equilibrium is a state of balance or stability within a system, achieved through the equal action of opposing forces.

Drive-Reduction Theory

A theory of motivation proposing that the primary purpose of behavior is the reduction of drives, which are state of tension or arousal caused by biological or physiological needs.