Question

The most important elements in a business model include all of the following except: A. Selecting a growth strategy B. Verifying that sufficient demand exists for a given product at a given price in a particular market C. Selecting unique features and technologies to be imbedded into the products or services D. Determining how to capture a portion of the value created in terms of revenues and profits E. Identifying market segments to be targeted

Answer 1

Option A

Step-by-step explanation:

In simple words, business model refers to the strategy for creating a profit for a product. This defines the goods or services that the company is trying to offer, the intended audience that it has defined as well as the costs it plans.

A creative technology company must include a business plan, if only to draw funding, help it retain talent, and inspire leaders and managers. Established companies frequently have to review and revise their operating strategies, or struggle to predict emerging developments and obstacles. Investors will study and analyse the corporate strategies of all businesses that are involved in them.

Choosing a development procedure for growth is not really a part of a business framework, but a point of performance of the growth model. Other choices specifically address which kind of goods should be selected in a company with which specific market group and how you'd like to benefit from your package's particular quality.