When a company decides to expand into new industries, it must a. construct its business models at two levels. b. secure government approval from the Securities and Exchange Commission (SEC). c. select a new CEO. d. all of these choices. e. none of these choices.

Question

Kaylen Black

Business

20 September, 11:24

When a company decides to expand into new industries, it must a. construct its business models at two levels. b. secure government approval from the Securities and Exchange Commission (SEC). c. select a new CEO. d. all of these choices. e. none of these choices.

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Ashleigh Barr · Answer 1

Answer: Construct its business models at two levels

Explanation: A business model creates a rationale for the operating activities of the business, it works like a blue print of how the company will take steps for achieving its objectives in the future.

When a company decides to expand its business into new industries, for the ease of recording, analyzing and other such purposes it should prepare its models at two levels.

At first the company should prepare its model at the expanded level and also at the each prior level separately.