ECOM101

E-commerce 2013, 9e (Laudon/Traver) Chapter 2 E-commerce Business Models and Concepts 1) A value proposition defines how a company's product or service fulfills the needs of a customer. Answer: TRUE 2) The terms revenue model and financial model can be used interchangeably. Answer: TRUE 3) In order to be considered successful, a firm must produce returns greater than alternative investments. Answer: TRUE 4) An asymmetry exists whenever one participant in a market has ...