A Company's Business Model

question 63

Multiple Choice

A company's business model:

• A) zeros in on the customer value proposition and its related profit formula.
• B) is management's storyline for how the strategy will result in achieving the targeted strategic objectives.
• C) details the ethical and socially responsible nature of the company's strategy.
• D) explains how it intends to achieve high profit margins.
• E) sets forth the actions and approaches that it will employ to achieve market leadership.

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Definitions:

Rationalisation

A defense mechanism in psychology where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Repression

A defense mechanism where distressing thoughts, memories, or feelings are unconsciously blocked from conscious awareness.

Reaction Formation

A psychological defense mechanism where an individual behaves in a manner opposite to their actual feelings.

Sublimation

A defense mechanism in psychology where socially unacceptable impulses or idealizations are unconsciously transformed into socially acceptable actions or behavior.