Which of the Following Is Not a Standard Component of a Sound

question 20

Multiple Choice

Which of the following is not a standard component of a sound business model?

• A)produce low-cost products
• B)generate revenues
• C)make profits
• D)produce free cash flows

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Definitions:

Command Economies

Economic systems where the government or central authority controls all major aspects of production and distribution of goods and services.

North Korea

An East Asian country officially known as the Democratic People's Republic of Korea, noted for its centralized economy and autocratic government.

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.

Production

The act of creating goods or services using labor, equipment, and natural resources.