Match the Business Model Component with Its Explanation

question 21

Multiple Choice

Match the business model component with its explanation:

• A) core strategy/how a firm structures and nurtures its partnerships
• B) customer interface/how a firm acquires and uses its resources
• C) strategic resources/how a firm acquires and uses its resources
• D) partnership network/how a firm competes
• E) core strategy/how a firm interfaces with its customers

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Definitions:

Widely Accepted Practices

Methods or procedures that are commonly recognized and adopted by the majority within a particular field or society.

Universal Application

A principle, tool, or solution that is applicable or usable in a wide range of scenarios or contexts.

Business Communication Problems

Challenges or obstacles in the exchange of information within a business environment, affecting operations and efficiency.

Message Inclusion

The practice of ensuring all relevant information or themes are encapsulated within a communication or document.