Jamie Finch is crafting the business model for her fashion design firm. She just completed the section that describes how her firm plans to compete relative to her rivals. Jamie just completed the ________ portion of her business model template.

Question

Quizplus · Accepted Answer

The section that describes how a firm plans to compete relative to its rivals is typically referred to as its core strategy, which involves identifying the unique value that the firm offers to customers and how it differentiates itself from competitors. Other sections of a business model may include operations, resources, strategic plans, and tactical strategies, but these do not necessarily focus on competition or the firm's unique value proposition in the same way that the core strategy does.

Jamie Finch Is Crafting the Business Model for Her Fashion