A Company's Business Model

question 8

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) relates to the principle business components that will allow the business to generate revenues ample enough to cover costs and produce a profit.
• C) concerns what 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.
• 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:

Government Regulations

Rules established by government agencies aimed at controlling the way businesses operate.

Outsourcing

The transferring of manufacturing or other tasks—such as data processing—to countries where labor and supplies are less expensive.