In Regard to Business Models, Which of the Following Statements

question 39

Multiple Choice

In regard to business models, which of the following statements is incorrect?

• A) There is a standard business model that most firms follow.
• B) A firm's business model is inherently dependent on the collection of resources it controls and the capabilities it possesses.
• C) It is dangerous for a company to assume that it can be successful by simply copying the business model of another firm.
• D) A firm's business model is its plan or diagram for how it competes.
• E) It is often difficult to determine what another firm's business model is.

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Definitions:

Fragmentation

The process or state of breaking or being broken into small or separate parts.

Thought Processes

The mental operations involved in cognitive activities such as decision-making, problem-solving, and reasoning.

Psychological Disorder

A disorder of the mind involving thoughts, behaviors, and emotions that cause either significant distress or impairment in social, occupational, or other important areas of functioning.

"Split Mind"

A layman's term often associated with schizophrenia, implying a disconnection or lack of integration among thoughts, identity, memory, and perception.