What Are the Four Elements of a Business Model in Proper

question 87

Multiple Choice

What are the four elements of a business model in proper order?

• A)Produce net income,invest in assets,generate revenues,obtain financing
• B)Generate revenues,invest in assets,obtain financing,produce net income
• C)Obtain financing,invest in assets,generate revenues,produce net income.
• D)Obtain financing,generate revenues,invest in assets,produce net income

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Definitions:

Variable Cost

Expenses that change in proportion to the amount of goods produced or the volume of services provided.

Variable Costing

A costing approach in which only variable manufacturing costs are product costs, and fixed manufacturing costs are period costs (expenses).

Absorption Costing

A costing approach in which all manufacturing costs are charged to the product.

Variable

An element, feature, or factor that is subject to change, often used in financial analysis, statistics, and scientific research.