The Difference Between a Company's Strategy and a Company's Business

question 1

Multiple Choice

The difference between a company's strategy and a company's business model is that:

• A) a company's strategy is management's game plan for achieving strategic objectives while its business model is management's game plan for achieving financial objectives.
• B) the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.
• C) a company's strategy is management's game plan for realizing the strategic vision,whereas a company's business model is the game plan for accomplishing the business purpose or mission.
• D) strategy relates broadly to a company's competitive moves and business approaches while its business model relates to whether the revenues and costs flowing from the strategy demonstrate that the business is viable from the standpoint of being able to generate revenues sufficient to cover costs and realize a profit.
• E) a company's strategy is concerned with how to please customers while its business model is concerned with how to please shareholders.

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Definitions:

Sourcing

The process involved in finding, evaluating, and engaging suppliers of goods and services.

Mineralized Salts

Inorganic substances, primarily calcium and phosphate, deposited in the matrix of bone and teeth, giving them hardness and rigidity.

Organic Matrix

The non-mineral component of bone and teeth, composed mainly of collagen and ground substance, which provides flexibility and tensile strength.

Osteocytes

Mature bone cells that maintain bone tissue by regulating mineral content and assisting in the repair of damaged bone.