A Blank______ is a combination of choices determining the customers that a business unit will target, the value propositions it will offer, and the supply chain operations management capabilities that a firm will employ.Multiple choice question.business planning unitbusiness modelfunctional modelfunctional planning unit
Question
A Blank______ is a combination of choices determining the customers that a business unit will target, the value propositions it will offer, and the supply chain operations management capabilities that a firm will employ.Multiple choice question.business planning unitbusiness modelfunctional modelfunctional planning unit
Solution
To answer the question step by step:
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Understand the question: The question is asking for a term that describes a combination of choices related to targeting customers, offering value propositions, and employing supply chain operations management capabilities.
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Analyze the options:
- Business planning unit: This term typically refers to a segment within a company focused on planning business activities, but it doesn't encompass all the elements mentioned in the question.
- Business model: This term refers to the overall plan or strategy a company uses to operate, including targeting customers, value propositions, and supply chain management.
- Functional model: This term usually refers to a model that focuses on specific functions within a business, not the comprehensive strategy described in the question.
- Functional planning unit: This term is similar to the functional model and focuses on planning within specific functions, not the overall strategy.
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Match the term to the description: The term that best fits the description of targeting customers, offering value propositions, and employing supply chain operations management capabilities is "business model."
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Select the correct answer: The correct answer is "business model."
So, the completed sentence is: "A Blank business model is a combination of choices determining the customers that a business unit will target, the value propositions it will offer, and the supply chain operations management capabilities that a firm will employ."
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