A Company's Business Model

question 67

Multiple Choice

A company's business model:

• A) concerns the actions and business approaches that will be used to grow the business,conduct operations,please customers,and compete successfully.
• B) is management's blueprint for how it will generate revenues sufficient to cover costs and yield an attractive profit.
• C) concerns what combination of moves in the marketplace it plans to make to outcompete rivals.
• D) deals with how it can simultaneously maximize profits and operate in a socially responsible manner that keeps its prices as low as possible.
• E) concerns how management plans to pursue strategic objectives,given the larger imperative of meeting or beating its financial performance targets.

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Definitions:

Stressful Situations

Events or circumstances that cause strain or tension, often requiring adjustment or coping mechanisms from individuals to manage the accompanying emotional or physical stress.

Hans Selye

A pioneering Hungarian-Canadian endocrinologist known for his research on stress and the development of the General Adaptation Syndrome model.

Reactions

the responses or behaviors that result from some sort of stimulus or change in the environment.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, comprising of three stages: alarm, resistance, and exhaustion.