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MGMT 310 Exam 1 Chapter 4 questions correct answers $9.99   Add to cart

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MGMT 310 Exam 1 Chapter 4 questions correct answers

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  • MGMT 310

MGMT 310 Exam 1 Chapter 4 questions correct answers

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  • September 29, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGMT 310
  • MGMT 310
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kirus27
MGMT 310 Exam 1 Chapter 4

A ________ is a firm's plan or recipe for how it creates, delivers, and captures value for its stakeholders. -
correct answer ✔✔business model



In regard to business models, which of the following statements is incorrect? - correct answer ✔✔There
is a standard business model that most firms follow.



A business model is a firm's plan or recipe for how it creates, delivers, and captures value for its
stakeholders. - correct answer ✔✔TRUE



The two general categories of business models are ________ and ________. - correct answer
✔✔standard; disruptive



________ business models depict existing plans or recipes firms can use to determine how they will
create, deliver, and capture value for their stakeholders. - correct answer ✔✔Standard



________ business models are ones that do not fit the profile of standard business models, and are
impactful enough that they disrupt or change the way business is conducted in an industry or an
important niche within an industry. - correct answer ✔✔Disruptive



Southwest Airlines is an example of a ________ disruptive business model. - correct answer ✔✔low-end



There are two types of disruptive business models — ________ and ________. - correct answer
✔✔new-market; low-end



Standard business models depict existing plans or recipes firms can use to determine how they will
create, deliver, and capture value for their stakeholders. - correct answer ✔✔TRUE



It is important to understand that there are several perfect business models - correct answer ✔✔FALSE

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