A business model does not allow analysis of different areas of a firm and comparisons with other companies. Select one: True False
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- Enumerate at least three (3) real-life examples of ways that firms can manage their costs and revenues to maximize profit.With reference to the business model canvas, illustrate how the nine (9) elements interact in ascertaining how a business can sustainably generate revenues.What is a firms micro environment, and why is it important?
- Give an example for why a firm would pursue each of the three grand strategies.5 Suppose you are writing a business plan for an event plannning business what are the: Complimentary Products / Services • Advances in Technology • Economic Conditions: improving / declining • Customer Demographics • Environmental challenges • Global forces of change • Governmental and regulatory changes now and pending • Social / Cultural issues existing and trendingDISCUSS: BUSINESS IS VERY BROAD AS IT TOUCHES VARIOUS DISCIPLINES. GIVE ATLEAST 5 DISCIPLINES THAT CAN BE TACKLED IN SCRUTINIZING BUSINESS AND ITS CORE PURPOSE TO ASSESS EFFECTIVE FUNCTION OF IT IN TERMS OF MANAGING PEOPLE, MONEY AND SUCCESS.
- 3. What is the role of information technology in Instacart’s business model?Business strategy concerns A) choosing appropriate internal business processes for a specific line of business. B) ensuring consistency in strategic approach among the businesses of a diversified company. C) selecting a set of financial and strategic objectives for a particular line of business. D) selecting a business model to use in pursuing business objectives. E) strengthening the company's market position and building competitive advantage.What is the rationale behind conducting a business model analysis? How can the enterprise solution be visualized? Will this provide our organization with valuable information?
- What is a strategic group? How can studying such groups be useful in industry analysis? Explain why or why not?As an entrepreneur, you decided to start a medium-scale business of selling garden pots or baskets. It is your choice whether to produce: (1)personalized clay pots - in which you will hand-paint the designs (2)rattan baskets for plants (3)net baskets used on hanging plants Choose between the 3 products above and prepare a short analysis considering the 4 M's to your operation. Explain your answer briefly.Conducting an effective business analysis involves carrying out five (5) key steps. Briefly describe these five (5) steps.