An effective business model

Question

Quizplus · Accepted Answer

An effective business model involves all of the choices listed. Selecting the right customers helps a company target its resources and efforts more effectively, which creates value for the customers. By creating value for its customers, the company can achieve and sustain a high level of profitability. This profitability is ultimately achieved by producing goods and services that meet the needs of the customers. Therefore, all of these choices are important components of an effective business model.

An Effective Business Model