Two fatal flaws can render a business model untenable from the beginning. These are: A. overemphasizing the importance of feasibility analysis and utterly unsound economics B. a complete misread of the customer and utterly unsound economics C. failure to compete a business plan and failure to get funding D. failure to complete a business plan and overemphasizing the importance of feasibility analysis E. failure to copy the industry leader's business plan and a complete misread of the customer
Question
Two fatal flaws can render a business model untenable from the beginning. These are: A. overemphasizing the importance of feasibility analysis and utterly unsound economics B. a complete misread of the customer and utterly unsound economics C. failure to compete a business plan and failure to get funding D. failure to complete a business plan and overemphasizing the importance of feasibility analysis E. failure to copy the industry leader's business plan and a complete misread of the customer
Solution
The two fatal flaws that can render a business model untenable from the beginning are: B. a complete misread of the customer and utterly unsound economics.
This is because understanding the customer is crucial for any business model. If a business fails to understand its customer's needs, preferences, and buying behavior, it will not be able to offer products or services that meet their needs and hence, will fail to attract or retain customers.
Utterly unsound economics refers to a business model that is not financially viable. This could be because the costs of producing and delivering the product or service are higher than what customers are willing to pay, or because the revenue streams that the business model relies on are not sustainable. If a business model is not economically sound, the business will not be able to sustain itself in the long run and will eventually fail.
Similar Questions
The importance of feasibility study cannot be overemphasized as it *1 pointprovides comprehensive details about the business to determine if, and how it can succeed, and serve as a valuable tool for developing a good business plandoes not list in details all the things you need to make the business works.does not identify logistical and other business related problems and solutions.does not serve as a solid foundation for developing your business plan.
nternational project managers who don not understand the role that their project plays in accomplishing the organizations strategy tend to make all the following mistakes excepta.Focusing on low priority problemsb.Overemphasizing technology as an end in and of itselfc.All the above are likely mistakesd.Focusing on the immediate customer
The situation on which a company resulted as ineffective or failed internal process which can disrupt the flow of the business, termed as
Overproduction or underproduction of goods and services, misallocation of resources, and poor response times are the results of a firm's havingQuestion 8Answera.poor relationships with customers.b.poor relationships with suppliers.c.inadequate information.d.a surplus of information.Clear my choice
Explain one problem for a business if it fails to link marketing decisions with other business departments
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.