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In economics, a demerit good is "a good or service whose consumption is considered unhealthy, degrading, or otherwise socially undesirable due to the perceived negative effects on the consumers themselves"; [1] [2] [3] it could be over-consumed if left to market forces of supply and demand.
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
A business model design template can facilitate the process of designing and describing a company's business model. In a paper published in 2017, [ 48 ] Johnson demonstrated how matrix methods may usefully be deployed to characterise the architecture of resources, costs, and revenues that a business uses to create and deliver value to customers ...
Porter's four corners model is a predictive tool designed by Michael Porter that helps in determining a competitor's course of action. Unlike other predictive models which predominantly rely on a firm's current strategy and capabilities to determine future strategy, Porter's model additionally calls for an understanding of what motivates the competitor.
Related: Kyle MacLachlan Mourns David Lynch: 'I Owe My Entire Career, and Life Really, to His Vision' Still, the cast of Dune remembered Lynch fondly, honoring him with tributes after news of his ...
(Any model based on a flawed theory, cannot transcend the limitations of that theory.) Joseph Stiglitz' 2001 Nobel Prize lecture reviews his work on information asymmetries, [1] which contrasts with the assumption, in standard models, of "perfect information". Stiglitz surveys many aspects of these faulty standard models, and the faulty policy ...
By Brendan Pierson (Reuters) -Idaho can enforce a first-of-its-kind "abortion trafficking" law against those who harbor or transport a minor to get an abortion out of state without parental ...
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