Question

A business model a. is a road map for the marketing activities of an organization for a specified future time period. b. consists of the strategies an organization develops to provide value to the customers it serves. c. is a measure of the quantitative value or trend of a marketing activity or result. d. consists of the detailed day-to-day operational decisions for an organization. e. is the means by which organizational goals are to be measured and documented.

Answer 1

Answer: Option E

Explanation: In simple words, a business model refers to a framework that is used by the organisation to monitor and analyze the activities that are done in the workplace for smooth running of operations.

This model works a guideline and also facilitates the objectives of comparison for an organisation.

Thus, the correct option is E .