What Is the Difference Between a Business Model and an Ebusiness

question 20

Multiple Choice

What is the difference between a business model and an ebusiness model?

• A) A business model details how a company creates, delivers, and generates revenue. An ebusiness model does all of the same except on the Internet.
• B) A business model and an ebusiness model are identical.
• C) A business model and an ebusiness model are complete opposites.
• D) An ebusiness model details how a company creates, delivers, and generates revenue. A business model does all the same except on the Internet.

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Definitions:

Operations Improvement

Operations improvement involves strategies and actions aimed at boosting the efficiency, productivity, and overall performance of the operational aspects of a business.

Inventory Management

The process of ordering, storing, tracking, and controlling inventory to ensure the right quantity and quality of stock.

Efficiency and Effectiveness

Terms that relate to the extent to which objectives are achieved (effectiveness) and the relation between the output and the resources used to produce it (efficiency).

Retail Method

An accounting practice used in the retail industry to estimate inventory costs based on the retail price.