The Business Model Used by IBM to Make Money Not

question 34

Multiple Choice

The business model used by IBM to make money not selling IBM products,but by selling its expertise to improve their customers operations is the

• A) profit pyramid model.
• B) advertising model.
• C) customer solutions model.
• D) efficiency model.
• E) entrepreneurial model.

Understand the concept and steps involved in hypothesis testing.

Comprehend the importance of probability in the research process.

Identify and understand different types of errors in hypothesis testing.

Recognize and apply the concept of sampling error.

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Definitions:

Accounts Payable Turnover

A financial metric that measures how fast a business pays its suppliers, calculated by dividing the total purchases by the average accounts payable during a period.

Cash Cycle

It refers to the time period between the disbursement of cash and the collection of receivables in a company's operational cycle.

Credit Sales

Sales made by a business where payment is delayed, often part of a strategy to increase sales by offering customers flexibility.

COGS

The cost of goods sold; it represents the direct costs attributable to the production of goods sold in a company.