ENGRI_127_Quiz__5_ANSWERS - ENGRI 127 Quiz #5 March 3 6,...

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ENGRI 127 Quiz #5 March 3 – 6, 2008 1. A __________ is a firm’s plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it earns. A. feasibility model B. strategic plan C. business plan D. competitive model E. business model 2. In regard to business models, which of the following statements is incorrect? A. It is dangerous for a company to assume that it can be successful by simply copying the business model of another firm. B. A firm’s business model is inherently dependent on the collection of resources it controls and the capabilities it possesses. C. A firm’s business model is its plan or diagram for how it competes. D. It is often difficult to determine what another firm’s business model is. E. There is a standard business model that most firms follow. 3. In the WebHouse example included in Chapter 6, WebHouse failed because: A. it did not complete a feasibility analysis
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This note was uploaded on 09/30/2008 for the course ENGRI 1270 taught by Professor Callister during the Spring '08 term at Cornell University (Engineering School).

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ENGRI_127_Quiz__5_ANSWERS - ENGRI 127 Quiz #5 March 3 6,...

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