Which Is Not True About Business Models for Ventures

question 8

Multiple Choice

Which is not true about business models for ventures:

• A) As important for venture success as the products or services of the company
• B) Can be a source of innovative thinking, just as much of the product or service
• C) It usually best for venture success to give away a service for free, convince users that it is worthwhile, and then ask them to pay for it later.
• D) Can be hard to convince customers to adopt if it is very different than traditional methods of pricing

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Definitions:

Hispanic

A term referring to people, cultures, or countries related to Spain, or Spanish-speaking Latin America.

Latino

A term often used in the United States to refer to people from, or with ancestors from, Latin America.

Interchangeable

Means capable of being used in place of each other; items or components that can be swapped without loss of function or value.

Melting Pot

A metaphor for a heterogeneous society becoming more homogeneous by blending various cultural or ethnic groups.