The Elements of a Company's Business Model Are

question 15

Multiple Choice

The elements of a company's business model are

• A) its customer value proposition as well as the company's profit formula.
• B) its business strategy,its collection of competitively valuable resources,and a strong management team.
• C) its deliberate strategy,its emergent strategy,and its realized strategy.
• D) its actions to capture emerging market opportunities and defend against threats to the company's business prospects,its actions to strengthen competitiveness via strategic alliances,and its actions to enter new geographic or product markets.
• E) management's answers to "Where are we now?" "Where do we want to go?" and "How are we going to get there?".

---

Definitions:

National Science Foundation

A United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering.

Noncompetitive Proposal

A proposal with no real competition and hence a high probability of acceptance.

Competitive Proposal

A proposal that has to compete for limited resources.

Legally Binding

A term describing an agreement that is enforceable by law, where all parties have agreed to its terms.