A Good Business Model Is Essential for a New Venture

question 110

True/False

A good business model is essential for a new venture, but is seldom necessary for established businesses.

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Definitions:

Normative Ethics

Ethical frameworks or theories that present moral standards guiding right or wrong conduct.

Ethical Decisions

Choices made based on moral principles and values, considering the impact on all stakeholders involved and aiming for fairness and integrity.

Compassionate Choice

A principle or action taken based on understanding and empathy towards the needs and suffering of others.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, often underpinning professional standards and practices.