A viable business modelMultiple Choice

a. sets forth how both strategy and operating approaches will create value for customers and simultaneously generate ample revenues to cover costs to realize a profit.

b. lays out a compelling case for how the strategy will yield competitive advantage.

c. explains how high profit margins will be achieved despite charging relatively low prices to customers.

d. is always closely linked to the company's business strategy.

e. is part and parcel of a company's strategic vision.

The correct answer is a. sets forth how both strategy and operating approaches will create value for customers and simultaneously generate ample revenues to cover costs to realize a profit.

Explanation:

The concept of business model has changed substantially in recent years, it can no longer be defined as the way a company generates money, or how a person gets customers. Today this concept goes much further and delves into the pure needs of users and customers.

Being close to the customer is how you can create value. Having a very close relationship from the beginning to know what their needs or problems are, listening to them permanently and co-creating with them. And once the product is on the market, feedback should be able to understand the adjustments that must be made until the model with which customers are finding added value is found.

In the ability to be flexible is the success of a business model, so the Canvas Model is highly recommended to find a business model because this methodology allows you to test with nine blocks if you are directing your product to the correct segment or if your proposal Value really fits the needs of your customers.