The Savvy Entrepreneurial Firm Feature in Chapter 6 Focuses on Three

question 71

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 6 focuses on three business model innovators: SunEdison, Red Hat, and Cater Internal Medicine. What is SunEdison's business model innovation?

• A) to build solar energy platforms in the ocean
• B) Make solar energy a service rather than a product.
• C) Sell solar energy equipment in "kits" that consumers can install themselves.
• D) Create solar energy "farms" in rural areas and create a new category of "farmers."
• E) Build large solar energy arrays on the outskirts of cities to provide for a sizeable portion of their energy needs.

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Definitions:

Operations Management

The field of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.

Employment Agencies

Employment agencies are organizations that match employers looking to hire with individuals seeking employment, facilitating job placements across various industries.

Professional Organizations

Groups or associations that are formed to advance a specific profession and to serve the interests of its members.

ISM

Institute for Supply Management; an organization that produces research and standards in the field of supply management.