One of the Most Important Components of the Business Model

question 48

Multiple Choice

One of the most important components of the business model is identifying the _____ that will flow from the products and services being offered.

• A) market value
• B) customer base
• C) distribution channels
• D) revenue streams
• E) value proposition

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Definitions:

Classified Ads

Short advertisements placed by individuals or businesses in a categorised listing to sell products or services, typically found in newspapers and online platforms.

Professors' Salaries

The remuneration paid to academic teaching staff, which may vary based on rank, experience, and the type of institution.

Price Ceiling

A legal maximum price that can be charged for a good or service.

Equilibrium Price

The price level where the amount of products provided matches the amount of products customers want to buy.