A Viable Business Model Includes a Valuable Customer Value Proposition

question 38

Multiple Choice

A viable business model includes a valuable customer value proposition that

• A) is always partly deliberate/planned and partly emergent/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:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy in a particular year, relative to a base year.

Consumer Price Index

A barometer that records the average change through the timeline in the financial outlay by urban consumers for a determined assortment of consumer products and services.

Italian Shoes

High-quality footwear produced in Italy, known for their craftsmanship and design.

GDP Deflator

An economic metric that converts the output of an economy measured at current prices into constant-dollar terms to remove the effects of inflation.