A Company's Business Model

question 53

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 storyline for how it will generate revenues ample to cover costs and produce a profit-absent the ability to deliver good profitability, the strategy is not viable and the survival of the business is in doubt.
• 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:

Settlement Houses

Community-based organizations that provide services and support to improve the lives of residents, particularly immigrants and the poor, in urban areas.

Community Mental Health Clinics

Public or nonprofit clinics that provide mental health services to individuals in the community, offering a range of therapeutic and support services.

YMCA's

A worldwide organization known for its community programs designed to promote healthy living, support families, and foster social responsibility.

Casework

The process of providing social work services to individuals or families, especially in addressing personal problems and needs.