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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

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Solution

To answer the question step by step:

  1. 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.

  2. 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.
  3. 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."

  4. 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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