In regard to business models, which of the following statements is incorrect?
A) There is a standard business model that most firms follow.
B) A firm's business model is inherently dependent on the collection of resources it controls and the capabilities it possesses.
C) It is dangerous for a company to assume that it can be successful by simply copying the business model of another firm.
D) A firm's business model is its plan or diagram for how it competes.
E) It is often difficult to determine what another firm's business model is.
A
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When the owner of real property obtains a new mortgage to pay-off an old mortgage it is known as
a. refinancing b. foreclosure c. assumption d. subordination
During 1945, the IMF's par value system of currency exchange allowed members to define the value of their currency by any criteria except gold
Indicate whether the statement is true or false