Samenvatting Operations Management 8th edition, Nigel Slack Questions and Answers 2023 A+

Investors who review business plans typically a. cannot read through all they receive. b. read about one-half of a plan. c. read plans thoroughly. d. read only the marketing and finance sections - -a. cannot read through all they receive. -A business model a. is only important for startups with a large amount of uncertainty. b. is intended to provide evidence on whether a concept is viable, not if it can be profitable. c. is made up of a revenue model, a cost structure, and key resource requirements. d. forces the entrepreneur to be more disciplined about financial projections. - -c. is made up of a revenue model, a cost structure, and key resource requirements. -A business model explains how a business will generate profit and cash flow from its revenue streams considering its cost structure and investment size.