The Most Important Elements in a Business Model Include All

question 23

Multiple Choice

The most important elements in a business model include all of the following except:

• A)Selecting a growth strategy
• B)Verifying that sufficient demand exists for a given product at a given price in a particular market
• C)Selecting unique features and technologies to be imbedded into the products or services
• D)Determining how to capture a portion of the value created in terms of revenues and profits
• E)Identifying market segments to be targeted

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Definitions:

Net Worth

The total value of an individual’s or organization’s assets minus liabilities; a measure of financial health.

CPA License

A qualification awarded to accountants who pass the Uniform CPA Exam and meet additional state requirements, authorizing them to practice as Certified Public Accountants.

Audit Committee

A subset of a company's board of directors responsible for overseeing the financial reporting process, auditing procedures, and compliance with laws and regulations.

Internal Accounting Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.