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

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.

A company will be more profitable if it focuses on one primary revenue model.

Definitions

Learning Objectives

Learning Objectives

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