A Company's Business Model

question 5

Multiple Choice

A company's business model:

• A) sets forth management's game plan for maximizing profits for shareholders.
• B) details exactly how management's strategy will result in the achievement of the company's strategic intent.
• C) explains how it will achieve high profit margins while at the same time charging relatively low prices to customers.
• D) sets forth the key components of the enterprise's business approach,indicates how revenues will be generated,and makes a case for why the strategy can deliver value to customers in a profitable manner.
• E) sets forth management's long-term action plan for achieving market leadership.

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Definitions:

Psychic Tension

Mental or emotional strain and stress.

Pleasure Principle

A psychoanalytic concept suggesting that individuals seek pleasure and avoid pain to satisfy their biological and psychological needs.

Psychodynamic Therapy

A form of depth psychology, the primary focus of which is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.

Painful Memories

Recollections of past events or experiences that are emotionally distressing and may cause psychological discomfort.