Two Fatal Flaws Can Render a Business Model Untenable from the Beginning

question 38

Multiple Choice

Two fatal flaws can render a business model untenable from the beginning. These are:

• A) failure to compete a business plan and failure to get funding
• B) a complete misread of the customer and utterly unsound economics
• C) failure to copy the industry leader's business plan and a complete misread of the customer
• D) failure to complete a business plan and overemphasizing the importance of feasibility analysis
• E) overemphasizing the importance of feasibility analysis and utterly unsound economics

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Definitions:

Automatic Dishwashers

Machines designed to clean dishes, utensils, and sometimes other kitchen items automatically.

Radical Invention

An innovation that represents a significant departure from existing practices or products, often creating new markets or dramatically changing existing ones.

New-Product Strategies

Approaches, methods, or plans developed by businesses to introduce and establish new products in the market successfully.

Product Deletion

The process of permanently removing a product from a company's offerings due to factors like poor sales, obsolescence, or strategic realignment.