Which Is an Example of a Business Model Innovation

question 27

Multiple Choice

Which is an example of a business model innovation?

• A) Repositioning products as services
• B) Eliminating traditional channels and going direct to customers
• C) Designing a win-win solution with the customer
• D) All the above are examples of business model innovation

Understand the role of demographic, geographic, and health behavior data in epidemiological research.

Recognize the importance of research design in epidemiological studies.

Recognize the importance of identifying variables in disease causation and prevention.

Comprehend the significance of screening tests' sensitivity, specificity, and predictive values.

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Definitions:

Profit-maximizing

A strategy or approach aimed at achieving the highest possible profit from business operations.

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product, regardless of the market segment or consumer willingness to pay.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Demand Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting consumer sensitivity to price changes.