Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. operations management
  3. explain why a viable business model is the foundat

Explain why a viable business model is the foundation of a good business plan and is...

80.2K

Verified Solution

Question

Operations Management

Explain why a viable business model is the foundation of a goodbusiness plan and is therefore essential to launching successfulbusiness ventures.

Answer & Explanation Solved by verified expert
3.8 Ratings (350 Votes)
Ques The strategy is the plan for your business In the event that you needed to construct a house you wouldnt stroll over to an unfilled parcel and simply begin nailing sheets together Beginning a business without a fieldtested strategy is similarly as unsafe However in contrast to a house a business isnt static We regularly tragically think of a fieldtested strategy as a solitary record that you simply set up when youre first beginning and afterward put in a safe spot Something to scratch off the plan for the day and be finished with Be that as it may in fact the fieldtested strategy for any business will change after some time as the business creates and a specific business may have various fieldtested strategies as its goals change In the development stage a refreshed fieldtested strategy is helpful for guaging or raising extra capital for extension Furthermore in the event that you choose to sell or close the business the fieldtested strategy can incorporate techniques and courses of events for the exchange to new proprietorship or    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Hi-Tek Manufacturing, Inc., makes two types of industrial component parts—the B300 and the T500. An absorption...

Accounting
Q

Find the mean and variance of the gamma distribution using integration to obtain E(X) and E(X^2...

Statistics
Q

Harold has had a history of malnutrition secondary to a severe eating disorder. He fatigued very...

Medical Sciences
Q

a)You are walking through your living room when you step on a Lego.  Briefly describe the process...

Medical Sciences
Q

7 to nd u and your group will need to plan what materials you will...

Biology
Q

Set up the problem below and calculate the number of days that are equivalent to...

Basic Math
Q

Simplify the following assuming x 0 y 0 and z 0 338x6y z 288x6y z

Calculus
Q

Complete this question by entering your answers in the tabs below. Refer to...

Accounting
Q

Niklos Boot Co. sells mens, womens, and childrens boots. For each type of boot sold,...

Accounting
Q

The difference between variable net income and absorption net income may be computed by multiplying...

Accounting
Q

A company's board of directors votes to declare a cash dividend of $1.60 per share....

Accounting
Q

Excel questions/formulas Transcribed image text

Accounting