Which of the Following Can Cause a Change in a Business

question 9

Multiple Choice

Which of the following can cause a change in a business model?

• A) Incrementally expanding the existing model geographically
• B) Revitalizing an established model
• C) T aking an existing model into new areas
• D) Adding new models via acquisition
• E) All of these are correct.

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Definitions:

Cerebral Cortex

The outer layer of the brain that is responsible for complex cognitive processes, including thought, memory, awareness, and consciousness.

Biological Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Low Base Rate Fallacy

The tendency to ignore the base rate (i.e., the prevalence of an event or characteristic within a given population) when making judgments of probabilities, leading to inaccurate assessments.

Rarely Exercised Option

An option or choice that is available but seldom used or selected by people.