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

---

Definitions:

Celtic Band

A group of musicians specializing in music derived from the Celtic regions of Ireland, Scotland, and other areas, often featuring traditional instruments.

Buddhist Meditation

A form of mental training and discipline in the Buddhist tradition aimed at enhancing mindfulness, concentration, and insight into the nature of existence.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including homes, artwork, tools, and religious artifacts.

Manufactured

Produced or made from raw materials through the use of industrial processes.