Question: 2 / 2 pts Question 7 Consider both statements. Statement 1. A definition of the firm's business model is how the various components the business

2 / 2 pts Question 7 Consider both statements. Statement 1.

2 / 2 pts Question 7 Consider both statements. Statement 1. A definition of the firm's business model is how the various components the business fit together to produce a profit. Statement 2. A business model is the end result of decisions and tradeoffs made by management in formulating prior years strategy. O Only statement 1 is True Only statement 2 is True O Both statements are True O Both statements are False

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