The Strategic Choices That a Business Model Addresses Should Reflect

question 6

Multiple Choice

The strategic choices that a business model addresses should reflect both the ____ and the ____ processes. ​

• A)business concept / business plan
• B)value chain / action plan
• C)action plan / value capture
• D)value creation / value capture
• E)value creation / business concept

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Definitions:

Pure Capitalism

An economic system characterized by private ownership of the means of production and where investments, distribution, income, production, and prices are determined by the market.

Owns No Resources

The condition of not having access to or control over any assets, capital, or means of production.

Production Possibilities Frontier

A curve that shows the different combinations of various goods that a country can produce given certain resources and technology.

Full Employment

Employment level when there is no cyclical unemployment.