The most important elements in a business model include all of the following except:
A)Selecting a growth strategy
B)Verifying that sufficient demand exists for a given product at a given price in a particular market
C)Selecting unique features and technologies to be imbedded into the products or services
D)Determining how to capture a portion of the value created in terms of revenues and profits
E)Identifying market segments to be targeted

Question

Quizplus · Accepted Answer

Selecting a growth strategy, while important for the development and expansion of a business, is not considered a core element of a business model. A business model primarily focuses on how a company creates, delivers, and captures value. This includes understanding the demand, unique value proposition, revenue generation, and target market segments. Growth strategies are more about scaling and expanding the business after the model has been established.

The Most Important Elements in a Business Model Include All