With Respect to the Components of a Business Model,a ________

question 81

Multiple Choice

With respect to the components of a business model,a ________ is the utility that the product/service has to offer to customers.

• A) cost structure
• B) value grid
• C) value migration
• D) value proposition
• E) revenue stream

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Definitions:

Value Chain

A model that outlines the series of activities that add value to a company's products or services, from conception to delivery and beyond.

Push Strategy

A marketing approach that involves taking the product directly to the customer via distribution channels to ensure visibility and convenience.

Economic Recession

A short-term economic slump marked by lower levels of commerce and industrial production, usually indicated by two successive quarter declines in the Gross Domestic Product.

Production

The process of creating goods or services through the combination of labor, materials, and technology.