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:

Normally Distributed

An evenly shaped probability distribution focused on the mean, which shows that outcomes near the average are more likely than those that are far away.

Warranty Period

The duration during which a manufacturer or seller promises to repair or replace a product if necessary, under certain conditions.

Warranty Period

The duration in which a manufacturer or seller promises to repair or replace defective products or parts at no additional cost.

Normally Distributed

A term describing a dataset that exhibits the properties of a normal distribution, specifically symmetry around the mean, with a bell-shaped curve where data tails off symmetrically at both ends.