Which Element of the Business Model Refers to the Presence

question 13

Multiple Choice

Which element of the business model refers to the presence of substitute products in the market?

• A) value proposition
• B) competitive environment
• C) competitive advantage
• D) market opportunity

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Definitions:

Small Scale

Referring to activities or operations of a reduced, limited, or miniature size, often implying a more local, personalized, or less intensive approach.

Photovoltaic Cells

Devices that convert sunlight directly into electricity through the photovoltaic effect.

Solar Energy

Energy obtained from the sun's radiation, used in generating power and providing heat, representing a renewable and clean energy source.

Photoelectric Cells

Devices that convert light energy into electrical energy through the photoelectric effect.