Once a Firm Chooses a Business Model, It Must Stick

question 63

True/False

Once a firm chooses a business model, it must stick with it for the life of the firm.

---

Definitions:

Humanistic Approach

A perspective in psychology that emphasizes the study of the whole person and the uniqueness of each individual’s experience.

Aggressive Behavior

Actions that aim to harm or injure another individual, either physically or psychologically, often as a response to frustration or threat.

Basic Needs

Fundamental physiological and psychological necessities required for human survival and well-being, such as food, water, shelter, and belonging.

Introverted

Characterized by or reflecting a preference for inner mental activities rather than engagement with the external environment and social interactions.