The first two steps in building a business model involve ____ and ____.
A)identifying position in the value chain / developing competitive advantage
B)identifying position in the value chain / creating customer value
C)identifying investors / identifying competition.
D)creating customer value / identifying sources of revenue
E)developing competitive advantage / determining cost drivers

Question

The first two steps in building a business model involve ____ and ____.
A)identifying position in the value chain / developing competitive advantage ​
B)identifying position in the value chain / creating customer value
C)identifying investors / identifying competition.
D)creating customer value / identifying sources of revenue
E)developing competitive advantage / determining cost drivers

Quizplus · Accepted Answer

The first two steps in building a business model typically involve identifying the position in the value chain, which helps in understanding how the business fits into the broader industry ecosystem, and creating customer value, which is essential for attracting and retaining customers.

The First Two Steps in Building a Business Model Involve