Which of the Following Statements About Business Models Is Incorrect

question 30

Multiple Choice

Which of the following statements about business models is incorrect?

• A) There are two general types of business models.
• B) There is no perfect business model.
• C) Most of the standard business models have been in place for some time.
• D) A firm's business model is confined to its own boundaries.
• E) Firms should guard themselves against thinking that one particular business model is a "home run" regardless of circumstances.

Understand the concept of mental categories and their application in cognitive processes.

Identify and describe the problem-solving process, including defining problems and developing strategies.

Compare and contrast computers as models of the mind's information processing.

Recognize strategies for managing tasks and problem-solving, such as subgoaling and the use of algorithms and heuristics.

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Definitions:

Behavior

One’s bearing, demeanor, and conduct. Behavior theory in leadership focuses on leadership style, such as autocratic, democratic, and laissez-faire, as well as leadership dimensions, such as initiating structure and showing consideration.

Capillaries

The smallest blood vessels in the body's circulatory system, facilitating the exchange of water, oxygen, carbon dioxide, and other nutrients and waste substances between blood and surrounding tissues.

Normal Exchange

The standard process of trading goods, services, or financial instruments in an established system or market.