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BUSI 101 Lecture 3: Lecture 3

Business plan part 2 s t n e m g e. 2 f o e g a r e v a n a g n i d n e p s y l t n e r r u. 6 o t g n i v o r p m. 1 e c i v r e s r e p. 5 e m u s n o c d n a s e s n e p x e f o y r o g e t a c s r e m o t s u. 5 t n e m e g a n a m r o t c a r t n o c d n a n i e u n e v e r f o. 1 o t e s a e r c e d o t d e t s a c e r o f d n a.

Canada

Capital Markets and Real Estate

Business

University of British Columbia

Strategies for University Writing

Integral Calculus with Applications to Physical Sciences and Engineering

<p style="text-align: justify;">The difference between a company's strategy and a company's business model is that</p>
<p style="text-align: justify;">A)a company's strategy is the plan for achieving strategic objectives while its business model is the plan for achieving financial objectives.</p>
<p style="text-align: justify;">B)the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.</p>
<p style="text-align: justify;">C)a company's strategy is management's game plan for realizing the strategic vision whereas a company's business model is the game plan for accomplishing the business purpose or mission.</p>
<p style="text-align: justify;">D)strategy relates broadly to a company's competitive moves and business approaches (regardless of the financial outcomes it produces) while the term business model relates to whether the revenues and costs flowing from the strategy demonstrate that the business is viable from a profit perspective.</p>
<p style="text-align: justify;">E)a company's strategy concerns how to please customers while its business model concerns how to please shareholders</p>

<p>The ultimate resource of a firm is its:</p>
<p>A. business plan.</p>
<p>B. marketing mix.</p>
<p>C. capital budget.</p>
<p>D. employees.</p>

<div style="text-align: justify;">Entrepreneurs applying for a bank loan should realize that bankers will:</div>
<div style="text-align: justify;"> </div>
<div style="text-align: justify;">A. expect to receive a share of ownership in the business in exchange for their loan.</div>
<div style="text-align: justify;"> </div>
<div style="text-align: justify;">B. expect the entrepreneur to provide a business plan.</div>
<div style="text-align: justify;"> </div>
<div style="text-align: justify;">C. generally make loans only to small businesses in dot.com related industries.</div>
<div style="text-align: justify;"> </div>
<div style="text-align: justify;">D. offers only short-term financing.</div>

BUSI 101 Lecture 3: Lecture 3

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