A ________ Is a Firm's Plan or Diagram for How

question 19

Multiple Choice

A ________ is a firm's plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it earns.

• A) feasibility model
• B) business model
• C) strategic plan
• D) business plan
• E) competitive model

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Definitions:

Non Est Factum

A legal defense claiming that a signed agreement is invalid because the signer was unaware of its true nature due to a significant mistake or misrepresentation.

Extended Warranty

An additional warranty that covers the repair or replacement of items beyond the standard warranty period.

Chequing Account

A bank account from which money can be quickly withdrawn using checks, debit cards, or electronic methods.

Misrepresentation

A false statement or lie that deceives, misleads, or misinforms someone, often leading to contractual agreements based on incorrect information.