A Successful Business Model Defines an Organization's

question 6

Multiple Choice

A successful business model defines an organization's:

• A) Economic logic
• B) Raison d'etre
• C) Purpose
• D) Social agenda

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Definitions:

Lower Level Need

Pertains to basic, foundational human needs often described in Maslow's Hierarchy of Needs, such as physiological and safety needs.

Higher Level Needs

Advanced human needs in the hierarchy, typically associated with self-actualization and personal development, beyond basic survival or security needs.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals.

Efficient And Effective

Achieving maximum productivity with minimal wasted effort or expense while also producing the desired outcome.