What Does the Business Model Define in Terms of the Business's

question 35

Multiple Choice

What does the business model define in terms of the business's service or product?

• A)durability
• B)quality
• C)differentiation
• D)viability

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Definitions:

Complex

A term describing an entity or system that consists of many different and connected parts, exhibiting behaviors that emerge from the interactions of its individual components.

Simple

Easily understood or done; presenting no difficulty or complexity.

Cross-functional Team

A team composed of members from different departments or areas of expertise, working together towards a common goal.

Reciprocal Interdependence

An organizational model in which team members work closely together on a piece of work, consulting with each other, providing each other with advice, and exchanging information.