A Traditional Business Model

question 11

Multiple Choice

A traditional business model:

• A) is one in which the central strategy for creating value is based on meeting market demands while complying with the law.
• B) is one where social performance is based on the response of the management teams to pressures in the business environment.
• C) defines a strategy that meets market needs by mitigating social problems.
• D) focuses on making a profit and resists demand to go beyond the minimum duty of obeying the law.

---

Definitions:

Feedback Process

A system or method through which information about the results of a particular action is returned to the source, allowing for adjustment or improvement.

Popular Topics

Subjects or themes that attract considerable attention or interest from the general public at a given time.

Web 3.0

The third generation of the World Wide Web, characterized by advanced features like semantic web, artificial intelligence, and decentralized services, offering a more personalized and interactive web experience.

Personalization

The consumer-initiated practice of generating content on a marketer’s website that is custom tailored to an individual’s specific needs and preferences.