A Firm's ________ Is a Plan for How It Competes

question 6

Multiple Choice

A firm's ________ is a plan for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the value it creates.

• A) business plan
• B) business model
• C) tactical model
• D) strategic plan
• E) operations model

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Definitions:

Aerial Perspective

Aerial Perspective, also known as atmospheric perspective, is the effect by which objects appear less distinct and more bluish the farther they are from the observer, due to the atmosphere's effect on the colors and lights.

Motion Parallax

A depth cue in which objects closer move faster across the field of view than those farther away, giving a sense of depth.

Linear Perspective

A depth cue in which parallel lines converge as they recede into the distance, aiding in the perception of depth.

Persistence of Vision

The phenomenon where an image continues to appear in one's vision after the exposure to the original image has ceased, underlying the principle of motion pictures.