Which Section of the Barringer/Ireland Business Model Template Is the Only

question 21

Multiple Choice

Which section of the Barringer/Ireland Business Model Template is the only section that describes how it makes money?

• A) Core strategy
• B) Resources
• C) Financials
• D) Operations
• E) Value proposition

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Expenses

The costs incurred during the operation of a business, which may include payments to suppliers, salaries, and utility bills.

Accounting Process

A systematic series of steps undertaken by an organization to record financial transactions, summarize these transactions, and prepare financial statements.