Author Question: In regard to business models, which of the following statements is incorrect? A) There is a ... (Read 71 times)

cagreen833 · **on:** Jul 6, 2018

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