Which Element of the Business Model Refers to the Presence

question 84

Multiple Choice

Which element of the business model refers to the presence of substitute products in the market?

• A)value proposition
• B)competitive environment
• C)competitive advantage
• D)market strategy

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Definitions:

Extraverted

Describes individuals who are outgoing, sociable and draw energy from being around other people.

Gregarious

Describing a person or animal that enjoys being in social groups and often seeks the company of others.

Normative-stage

A concept in psychology that suggests individuals go through predetermined stages of development based on societal norms.

Normative-sequential

A developmental concept indicating that certain behaviors and milestones tend to occur in a specific, predictable order as individuals age.