The difference between a company's strategy and a company's business model is that
A. the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.
B. a company's strategy is solely concerned with how to please customers while its business model is solely concerned with how to please shareholders.
C. strategy relates broadly to a company's competitive moves and business approaches while its business model relates to whether the revenues flowing from the strategy are sufficient to cover costs and realize a profit.
D. a company's strategy is management's game plan for achieving strategic objectives while its business model is management's game plan for achieving financial objectives.
E. a company's strategy is management's game plan for realizing the strategic vision, whereas a company's business model is the game plan for accomplishing its corporate responsibility goals.
Answer: C
You might also like to view...
All of the following are features of WPA3 except:
A. it implements a more robust key exchange protocol. B. it enables the creation of a VPN. C. it provides a more secure way to connect IoT devices. D. it features expanded encryption for public networks.
A generic market description should NOT include
A. product type. B. customer types. C. geographic area. D. customer needs.
A company's property records revealed the following information about its plant assets:Machine No.CostSalvage ValuePurchase DateEstimated LifeDepreciation Method1$82,000$8,0001/014 yearsStraight-line246,0003,6007/015 yearsDouble-declining-balanceCalculate the depreciation expense for each machine in Year 1 and Year 2 for the year ended December 31.Machine 1: Year 1________ Year 2 ________Machine 2: Year 1 ________ Year 2 ________
What will be an ideal response?
One weakness of payback period approach is its failure to recognize cash flows that occur after the payback period
Indicate whether the statement is true or false