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.

---

Definitions:

Normative Commitment

A commitment to the organization based on feelings of obligation.

Performance Review

A formal assessment where an employee's work performance is evaluated and discussed.

Hiring Process

A series of steps taken by employers to recruit, select, and onboard new employees effectively.

Performance Evaluation

The systematic assessment of an individual's job performance, typically conducted by supervisors or managers to make informed decisions regarding employment matters.