Chapter 2 The business model and the revenue model
Quiz
Strategic objectives are a characteristic of:
- emergent strategy.
- planned strategy.
- realized strategy.
- competitive strategy.
Strategic direction is reflected by:
- the organization’s purpose.
- the business model.
- the organization’s vision.
- all of the above.
Factors that influence strategic direction include all of the following except:
- social trends.
- economic influences.
- competitors.
- all of the above.
Which of the following is not a characteristic that distinguishes strategic decisions from other kinds of decisions?
- Strategic decisions are ill-structured and non-routine.
- Strategic decisions may not be linked with the success or failure of an organization.
- Strategic decisions involve a significant commitment of resources.
- Strategic decisions are difficult to reverse both economically and politically.
Competitive logic can be based on:
- price and/ or difference.
- price only.
- difference only.
- neither price nor difference.
Internal and external partnerships, networks and relationships are sometimes known as:
- an organization.
- architecture.
- business structure.
- professional connections.
Which of the following statements is correct?
- The business model is more important than the way the business is run.
- The way the business is run is more important than the business model.
- The business model directly affects the way the business is run.
- The business model and the way the business is run are both critical.
Which of the following statements is correct?
- Income must exceed spending.
- Spending should exceed income.
- Income and spending should be the same.
- Income should exceed spending.