Which Element of the Business Model Addresses What a Firm

question 39

Multiple Choice

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

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

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Definitions:

Environment

The surrounding conditions, influences, and natural world in which a person, plant, or animal lives and operates.

Experiences

Events or occurrences that leave an impression on someone, contributing to their knowledge, opinions, or emotions.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious motivations and conflicts as drivers of human behavior.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.