A Business Model Is the Translation of Strategy into Action,which

question 25

Multiple Choice

A business model is the translation of strategy into action,which details the firm's competitive tactics and initiatives.Another way to say this is ___________.

• A) It's reliant on co-opetition to be successful
• B) It's a crowdsourcing process for the firm
• C) It's how the firm intends to make money
• D) It's how network effects are taken into account

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Definitions:

Keeping Clients Informed

The responsibility of lawyers to regularly update and communicate with their clients about the status and developments in their legal matters.

Billing Statements

Documents issued by a creditor to a debtor detailing the transactions, payments, and outstanding balance for a specified period.

Phone Calls

Voice communications made over a distance using telephones or mobile devices.

Expense Slip

A slip of paper on which any expense, or cost, that is incurred on behalf of a client, such as the payment of court fees or long-distance telephone charges, is recorded.