A Viable Business Model Includes a Valuable Customer Value Proposition

question 2

Multiple Choice

A viable business model includes a valuable customer value proposition that

• A) is always partly deliberate or planned and partly emergent or reactive.
• B) is an essential component of pursuing the company's strategic intent.
• C) suggests the greater the value provided and the lower the price,the more attractive the value proposition.
• D) lays out the approach to satisfying buyer wants and needs at a premium price.
• E) must set forth management's long-term action plan for achieving market leadership.

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Definitions:

Organization's Culture

The shared values, beliefs, and practices that characterize a company or institution, influencing how work is performed and how employees interact.

Appropriate Self-disclosure

The act of sharing personal information in a manner that is suitable to the context and relationship, fostering trust and intimacy.

Describing Feelings

The process of identifying and communicating one's emotional state using specific and accurate verbal expressions.

Sales Associate

An employee in a retail or wholesale business responsible for selling products or services to customers, offering advice, and assisting with purchases.