What Would Be the Best Definition of a Business Model

question 17

Multiple Choice

What would be the best definition of a business model?

• A)a small pilot of the business as it will be practiced
• B)a series of hypotheses that suggest business practices
• C)a plan for expansion
• D)a framework that describes how a company creates, delivers, and extracts value

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Definitions:

Interest Payable

A liability account showing the amount of interest expense that has been incurred but not yet paid as of the balance sheet date.

Equity Method

An accounting technique used to record an investor's earnings in proportion to their ownership stake in a company.

Periodic Net Income

Periodic net income refers to the total earnings of a company, after accounting for all expenses and taxes, over a specific financial reporting period.

Brokerage Fees

Charges that are paid to a broker for executing transactions or providing specialized services.