Asked by bonanza cummings on Feb 18, 2024
Verified
A company will be more profitable if it focuses on one primary revenue model.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Recognizing the potential benefits of concentrating resources and efforts on one revenue model.
- Identifying the potential drawbacks of diversifying revenue models and the impact it may have on profitability.
- Understanding the importance of focusing on a primary revenue model for a company's profitability.
Verified Answer
NK
Noynika Kumar
Feb 18, 2024
Final Answer :
False
Explanation :
Diversifying revenue streams can mitigate risks associated with relying solely on one revenue model. It can also open up new opportunities for growth and expansion.
Learning Objectives
- Recognizing the potential benefits of concentrating resources and efforts on one revenue model.
- Identifying the potential drawbacks of diversifying revenue models and the impact it may have on profitability.
- Understanding the importance of focusing on a primary revenue model for a company's profitability.
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