__________ Are Those Non-Customer Relationships Necessary to Execute the Business

question 15

Multiple Choice

__________ are those non-customer relationships necessary to execute the business model.

• A) Key activities
• B) Revenue streams
• C) Key partnerships
• D) Key resources

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Definitions:

Carrying Inventory

The process of holding stock or goods in storage or in transit, with associated costs.

Terms of Sale

The conditions under which a seller will complete a sale, typically specifying the time and method of payment and when the buyer takes possession of the goods.

Credit Period

The duration of time a buyer is given by a seller to pay for a purchase.

Cash Discount

An incentive offered by sellers to encourage buyers to pay their invoice ahead of the due date.