Two Fatal Flaws Can Render a Business Model Untenable from the Beginning

question 72

Multiple Choice

Two fatal flaws can render a business model untenable from the beginning. These are:

• A) failure to complete a business plan and failure to get funding
• B) a complete misread of the customer and utterly unsound economics
• C) failure to copy the industry leader's business plan and a complete misread of the customer
• D) failure to complete a business plan and overemphasizing the importance of feasibility analysis
• E) overemphasizing the importance of feasibility analysis and utterly unsound economics

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Definitions:

Thinking Patterns

Characteristic ways in which individuals process information, make sense of the world, and solve problems, often influenced by their past experiences and cognitive biases.

Reinforcement Value

The degree to which a particular outcome or reward is desirable or satisfying to an individual, influencing their motivation and behavior.

Habitual Ways

Patterns or routines of behavior that are repeated regularly and tend to occur subconsciously.

Defensive Pessimism

A strategy where individuals set low expectations for their performance in order to prepare for possible negative outcomes.