In regard to business models, which of the following statements ...

[cagreen833]

In regard to business models, which of the following statements is incorrect?
 
  A) There is a standard business model that most firms follow.
  B) A firm's business model is inherently dependent on the collection of resources it controls and the capabilities it possesses.
  C) It is dangerous for a company to assume that it can be successful by simply copying the business model of another firm.
  D) A firm's business model is its plan or diagram for how it competes.
  E) It is often difficult to determine what another firm's business model is.

Question 2

Studies show that more than one individual starts 50 to 70 percent of all new firms.
 
  Indicate whether the statement is true or false

[nothere]

Answer to Question 1

A

Answer to Question 2

TRUE

[cagreen833]

Thanks for the timely response, appreciate it

[shailee]

Excellent