The four components of a firm's business model are:
A) marketing plan, core strategy, business plan, and customer interface
B) core strategy, strategic resources, partnership network, and customer interface
C) economic environment, social environment, technological environment, and legal-regulatory environment
D) opportunity recognition, feasibility analysis, business plan, and human resource plan
E) marketing plan, operating plan, financial plan, and human resource plan

Question

Quizplus · Accepted Answer

The four components of a firm's business model are its core strategy, strategic resources, partnership network, and customer interface. These components are interconnected and work together to create a sustainable business model that generates value for the firm and its customers. The core strategy defines the firm's unique value proposition, while the strategic resources and partnership network enable the firm to deliver that value proposition effectively. The customer interface encompasses all interactions between the firm and its customers, including marketing, sales, and customer support.

The Four Components of a Firm's Business Model Are