In Regard to Business Models, Which of the Following Statements

question 39

Multiple Choice

In regard to business models, which of the following statements is incorrect?

• A) There is a standard business model that most firms follow.
• B) A firm's business model is inherently dependent on the collection of resources it controls and the capabilities it possesses.
• C) It is dangerous for a company to assume that it can be successful by simply copying the business model of another firm.
• D) A firm's business model is its plan or diagram for how it competes.
• E) It is often difficult to determine what another firm's business model is.

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Definitions:

Organizing Material

The process of arranging or structuring information and resources in a coherent and logical manner.

Method Of Transmission

The way in which a disease, information, or data is spread from one person or system to another.

Wireframes

Schematic blueprints that represent the skeletal framework of digital applications or websites, used in planning and design.

Navigation

The process or activity of accurately ascertaining one's position and planning and following a route.