The term ________ refers to initiatives, such as Netflix in movie rentals and IKEA in furniture, which revolutionize how products are sold in an industry.
A) product model modernism
B) business model innovation
C) feasibility analysis innovation
D) value innovation
E) opportunity innovation

Question

Quizplus · Accepted Answer

Business model innovation refers to the process of changing the way a company creates, delivers, and captures value, often leading to a significant transformation in the industry, as seen with Netflix and IKEA.

The Term ________ Refers to Initiatives, Such as Netflix in Movie