Organizations Are Being Encouraged to Take an Interest in Business

question 2

Multiple Choice

Organizations are being encouraged to take an interest in business model innovation for three reasons: Please select all that apply.

• A) Product life cycles
• B) Organizational values can adapt
• C) Competition from unexpected sources
• D) Disruptions from competitors

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Definitions:

Background

The circumstances or situations that form the setting for an event, statement, or idea, and in terms of which it can be fully understood and assessed.

True Liberty

The freedom experienced in society, absent of authoritarian limits on personal behavior, lifestyle choices, or political opinions.

British Empire

A global empire composed of colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom, notable for being the largest empire in history.

Joseph Galloway

A loyalist politician, lawyer, and writer in the American Colonies, who served as a delegate to the First Continental Congress but later maintained his loyalty to the British crown during the American Revolution.