When Creating a Business Model, the Work of Answering Questions

question 9

Multiple Choice

When creating a business model, the work of answering questions and calibrating responses is called business modelling or business model design. These words reflect the nature of creating a business model as:

• A) a part-analytical/part-creative process
• B) a strictly analytical process
• C) a strictly creative process

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Definitions:

Integrative Strategy

A negotiation or planning approach that seeks to combine resources, meet mutual needs, and achieve shared goals, emphasizing cooperation over competition.

Strategic Goals

Long-term objectives that guide decision-making and tactics in pursuit of overall success.

Accommodative Negotiation

A negotiation approach where one party makes concessions to the other to reach an agreement, often at their own expense.

Resistance Point

The least favorable position on an issue that one is willing to accept during a negotiation process.