When Completing the Basis of Differentiation Box in the Barringer/Ireland

question 18

Multiple Choice

When completing the basis of differentiation box in the Barringer/Ireland Business Model Template, it is best to limit the description to ________.

• A) two to three points
• B) one point
• C) five to 10 points
• D) two to three points for manufacturing firms and five to 10 points for service firms
• E) five to 10 points for manufacturing firms and two to three points for service firms

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Definitions:

Short-Term Loans

Short-term loans are borrowing options designed to be repaid within a short period, typically less than a year, used by individuals or businesses for immediate financial needs.

Excess Reserves

The amount of reserves that a bank holds in excess of the minimum reserve requirements set by central banking authorities.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by a central banking authority.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation.