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:

Implied Terms

Provisions not expressly stated in a contract but understood to be included based on the nature of the agreement, legal requirements, or customary practice.

Breach of Condition

A violation of a specific condition set in a contract, which can lead to the termination of the agreement.

Faulty Design

A design that fails to meet required specifications or standards, resulting in a product or structure that is unsafe, does not perform as intended, or is not fit for its intended use.

Self-Service Drug Store

A retail pharmacy where customers select products without the direct assistance of a pharmacist.