A(n) _____ is a set of processes that combine to achieve a company's primary goal, which is typically to yield a profit.
A) value system
B) industry value chain
C) strategic business unit
D) business model

Question

Quizplus · Accepted Answer

A business model includes the processes and strategies that a company uses to achieve its primary goal, which is often to generate a profit. A value system is a broader concept that encompasses a company's overall ethical and moral principles, while an industry value chain refers to the various stages involved in creating and delivering a product or service within a specific industry. A strategic business unit is a distinct division within a larger corporation that operates as though it were an independent company.

A(n) _____ Is a Set of Processes That Combine to Achieve