Exam (elaborations)
MGMT 310 Exam 1 Chapter 4 questions correct answers
- Course
- Institution
MGMT 310 Exam 1 Chapter 4 questions correct answers
[Show more]
Content preview
MGMT 310 Exam 1 Chapter 4A ________ 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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kirus27. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now