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:

High-Risk Situations

Scenarios or conditions that significantly increase the likelihood of negative outcomes, such as relapse in substance abuse recovery or risky behaviors in health.

Immediate Determinants

Factors that directly influence and result in a specific outcome or effect, without any significant delay.

Mental Imagery

A mental rehearsal of an anticipated experience.

Developing New Behaviors

Involves the process of learning and establishing new patterns of actions or reactions, typically aimed at improving quality of life or performance.