A Business Model Comprises of ________ and Whether the Company

question 71

Multiple Choice

A business model comprises of ________ and whether the company can make money doing that.

• A)what managers do to develop the organization's strategies
• B)focus on the short-run performance of an organization
• C)providing products/services that customers will value
• D)beating the competition

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Definitions:

Accounting Problems

Challenges or difficulties encountered in the process of recording, classifying, summarizing, and interpreting financial transactions and events.

Promissory Note

A monetary instrument featuring a formal pledge from one entity to another to pay a specified amount of money, which can be either upon request or on a predetermined future date.

Personal Bankruptcy

A legal process by which individuals unable to meet their debt obligations can obtain relief from some or all of their debts.

NSF

NSF stands for Non-Sufficient Funds, indicating that a check cannot be processed due to insufficient funds in the account.