Which Element of the Business Model Refers to the Presence

question 13

Multiple Choice

Which element of the business model refers to the presence of substitute products in the market?

• A) value proposition
• B) competitive environment
• C) competitive advantage
• D) market opportunity

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Definitions:

Shadowing Performance

A task in cognitive research where an individual repeats auditory information immediately as it is heard, used to study attention and language processing.

Treisman

Anne Treisman, a psychologist known for her work in attention, particularly the feature integration theory, which describes how we perceive objects.

Linguistic Characteristics

Features that define a particular language, including grammar, vocabulary, and phonetics.

Bottleneck Theory

A theory suggesting that individuals have a limited capacity of processing information, causing a bottleneck in the system that delays further processing.