A Company's Business Model Consists of Its

question 32

Multiple Choice

A company's business model consists of its

• A)mission statement and its SWOT analysis.
• B)customer value proposition and its vision statement.
• C)operating and financial plans.
• D)profit formula and strategic vision.
• E)profit formula and customer value proposition.

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Definitions:

Partner's Liability

The legal responsibility shared by partners in a partnership to cover the business's debts and obligations.

Avoid Obligations

Refers to actions or strategies individuals or entities use to legally evade fulfilling certain duties or responsibilities.

Liability Limitations

Provisions within a contract that seek to limit the amount of compensation one party can receive from another in the event of a breach or other liability.

Partnership Agreement

A contract between two or more business partners that outlines the responsibilities, profit and loss distribution, and rules and regulations of the partnership.