Answers & why?

7) A business model A) is a road map for the marketing activities of an organization for a specified future time period. B) consists of the strategies an organization develops to provide value to the customers it serves. C) is a measure of the quantitative value or trend of a marketing activity or result. D) Consists of the detailed day-to-day operational decisions for an organization. E) is the means by which organizational goals are to be measured and documented. Explanation: 8) Market share refers to A) the ratio of the profit of the firm to the total profits of all firms in the industry, excluding the firm itself. B) the ratio of the profit of the firm to the total profits of all firms in the industry, including the firm itself. C) the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, excluding the firm itself. D) the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself. E) the ratio of the profits of all firms in an industry to the profits of the firm