For a Business Model's CVP to Be Effective,it Must Offer

Asked by Michael Dotson on Feb 18, 2024

Verified

For a business model's CVP to be effective,it must offer better value than the competition.

Business Model

Describes the rationale of how a new venture creates, delivers, and captures value.

Identifying the key components of a CVP that contribute to offering better value than the competition.
Analyzing the target market and customer needs to determine the value proposition that will resonate with them.
Understanding the importance of a competitive advantage in a business model's CVP.

Verified Answer

Amber Beasley

Feb 18, 2024

Final Answer :

True

Explanation :

A business model's CVP (Customer Value Proposition) must offer unique and superior value compared to its competitors in order to be effective and attract customers.

Learning Objectives

Identifying the key components of a CVP that contribute to offering better value than the competition.
Analyzing the target market and customer needs to determine the value proposition that will resonate with them.
Understanding the importance of a competitive advantage in a business model's CVP.

Definitions

Learning Objectives

Learning Objectives

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