According to McKay and Marshall,a Comprehensive Business Model Is Composed

question 2

Multiple Choice

According to McKay and Marshall,a comprehensive business model is composed includes each of the following elements except:

• A)A description of all products and services the business will offer.
• B)A description of the business process required to make and deliver the products and services.
• C)A description of the customers to be served.
• D)A description of competitive forces in the industry.

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Definitions:

Ethical Standards

The principles that guide behavior and decision-making based on notions of right and wrong.

Risk Compartmentalization

The division of risks into different categories or compartments in an organization, which can lead to disjointed risk management and a failure to recognize the aggregate extent of risks.

Profit Centers

Individual units or divisions within a company that are responsible for generating their own revenue and profit.

Code of Ethics

A document outlining the principles and values that guide the behavior of individuals within an organization, setting standards for ethical conduct.