Answer:
A. channels
Explanation:
A Lean Canvas Business Model can be defined as a simple but fluid diagram contained in a single page document used for describing an entire business plan or business model at a glance.
The Lean Canvas Business Model was adopted and created by Ash Maurya from the Business Model Canvas of Alexander Osterwalder.
Basically, it is a business framework that is based on strategic informations such as business problems and solutions, competitive advantage and key metrics (indicators), cost, pricing, channels etc.
Hence, the avenues a business uses to reach customers, like a website, store, or advertising, defines the channels section of the Lean Canvas Business Model. Channels comprises of inbound and outbound channels. The inbound channel is a medium used for bringing in customers to your business such as blogs, websites, social media applications, white papers etc. Also, the outbound channel such as Ads, trade fair, calls, convention etc., leads the business to the entrepreneur's customers and potential buyers.
Answer:
Separate legal entity and taxation process
Explanation:
In a corporation, unlike in other forms of business, the owners and business are treated separately under the law. This principle is referred to as separate legal entity concept.
So for any contracts or deals entered into by a corporation, the owners cannot be held personally liable or asked to make good the losses incurred due to entering into those contracts unless of course if owners acted with mala fide intentions to earn personal profits. In short, owners personal assets cannot be taken away.
Secondly, the taxation slab applicable to corporations is also different in the sense corporations pay taxes on dividend paid. Secondly, when such dividend forms part of the revenue of shareholders, tax is again paid on that dividend income, this time by the shareholder. So in a way, shareholders get taxed twice, since in the first case, the company paying dividend recovers the tax on dividend paid from shareholders. This is referred to double taxation.
Answer:
Idea generation
Explanation:
This is the process of developing , creating and communicating ideas which are abstract concrete or visual. This process involves constructing the idea,innvoting it, developing the process, and bringing it to reality.
Answer: b. Luncheon is served.
Explanation:
The Accrual Basis in Accounting requires that Revenues are recorded when they are earned as well as Expenses being recorded when incurred. Revenue is not to be recorded when the services have been paid for when when an order has been made. They are to be recorded when the service has been fulfilled or the goods delivered.
In the above case, ABC is a caterer and their main business is to serve business luncheons for large corporations.
This means that their service is done when they serve these luncheons. This should be when the revenue should be recognized then because this is when their service was delivered.
Answer:
different or superior
Explanation:
Product, service or brand differentiation includes the change of the named offerings to become different to those of competitors. This is done to tackle the customer need for a diverse offering in the market, as creating the same product or services does not improve the market holistically. Differentiated service/products do not necessarily have to be higher quality or superior to the existing products made by competitors.
