A business model is developed first.Then the firm takes steps to understand customers in terms of who, what, and how in order to develop a business-level strategy.

Name: A business model is developed first.Then the firm takes steps to understand customers in terms of who, what, and how in order to develop a business-level strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A firm typically first seeks to understand its customers and market environment to inform the development of a business model and strategy.

A Business Model Is Developed First