A Business Model Is ________

question 109

Multiple Choice

A business model is ________.

• A)a competitor that a company seeks to emulate
• B)a strategic design for how a company intends to make profit
• C)a theoretical ideal that a company seeks to emulate
• D)an unrelated organization whose practices a company seeks to emulate

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Definitions:

Talent Development

The process of identifying, nurturing, and helping individuals develop their skills and abilities for their personal growth and organizational needs.

Corporate Giant

A large, typically multinational company with a significant impact on the industry and economy.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Developing Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals that an organization aims to reach.