Which Element of the Business Model Addresses What a Firm

question 64

Multiple Choice

Which element of the business model addresses what a firm provides that other firms do not and cannot?

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

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Definitions:

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Ethical

Pertaining to or dealing with morals or the principles of morality; concerned with the distinction between good and evil or right and wrong behavior.

Philanthropic

Pertaining to the act of contributing to the welfare of others, often through charitable donations or actions by individuals or organizations.

Beyond Compliance

Adopting ethical standards and practices that exceed the minimum legal requirements, often to achieve greater social responsibility or environmental stewardship.