Which Element of the Business Model Addresses the Question of Why

question 13

Multiple Choice

Which element of the business model addresses the question of why a customer should buy from the firm?

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

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Definitions:

Genus

In biology and taxonomy, a rank used in the classification of organisms, grouping together species that share common characteristics.

Abstraction

The process of reducing complexity by focusing on the main aspects while ignoring irrelevant details.

Genus

In biology, a principal taxonomic category that ranks above species and below family, grouping species that are structurally similar.

Genus

The broad classification under which species are grouped based on shared features or ancestry, emphasizing a different aspect.