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:

Credit Cards

Plastic cards issued by banks or financial institutions allowing the cardholder to borrow funds for purchases or cash advances.

SJSU Freshmen

First-year undergraduate students enrolled at San Jose State University.

Z-statistic

A statistic that quantifies the number of standard deviations a data point is from the population mean.

Level of Significance

The threshold below which a p-value is considered statistically significant, indicating the probability of wrongly rejecting the null hypothesis.