One Way to Innovate with Business Models Is to Consider

question 24

Multiple Choice

One way to innovate with business models is to consider:

• A)Market research
• B)A Feasibility analysis
• C)A Competitive analysis
• D)An Industry analysis
• E)A "blue ocean strategy"

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Definitions:

Items

Individual objects or units, especially those included in a list or collection.

Economic Profits

The difference between total revenue and the total costs (both explicit and implicit costs) of a company, indicating the surplus generated from business activities.

Savings Account

An account for holding deposits at a bank or another financial entity, ensuring the safety of the principal amount while offering a slight interest rate.

Annual Interest

The amount of interest due over the course of a year on borrowed capital or invested funds.