A Company's Business Model

question 86

Multiple Choice

A company's business model

• A)concerns the actions and business approaches that will be used to grow the business, conduct operations, and stake a competitor's market position.
• B)is management's blueprint for how it will generate revenues sufficient to cover costs and yield an attractive profit.
• C)concerns what combination of moves in the marketplace it plans to make to outcompete rivals.
• D)deals with how it can simultaneously maximize profits and operate in a socially responsible manner that keeps its prices as low as possible.
• E)concerns how management plans to pursue strategic objectives, given the larger imperative of meeting or beating its financial performance targets.

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Definitions:

Organization Strategy

The overarching plan or direction a company adopts to achieve its long-term goals and objectives, taking into account its resources, capabilities, and environment.

Growth Stage

A phase in the product life cycle where a product's market acceptance and sales begin to increase significantly.

OM Strategies

Operational management strategies that focus on improving efficiency, productivity, and competitiveness of an organization's operations.

Product Reliability

The likelihood that a product will perform its intended function without failure for a specified period under certain conditions.