The Book Argues in the Financial ABC's That the Purpose

question 35

Multiple Choice

The book argues in the Financial ABC's that the purpose of the business model is to prevent "silo thinking" between the various parts. This implies that:

• A) one understands and stresses the mutual dependence between the various parts of the model, as well as the financial implications of all aspects
• B) one has control over the costs and revenue aspects but separates those from the rest
• C) one avoids addressing the problems that may arise between customer and company expectations
• D) one avoids addressing how costs may affect revenue

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Definitions:

Sensorimotor Substage

A phase in Piaget's theory of cognitive development, where infants learn through interacting with their environment using their senses and motor abilities.

Pleasurable Activities

Actions or experiences that provide enjoyment, happiness, or satisfaction to an individual.

Goal

A desired outcome or target that an individual or group aims to achieve, often requiring planning and effort to attain.

Systematically Varied

Altered or adjusted in a methodical manner to observe changes under different conditions.