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Why is it important to craft a business model?

Multiple Choice

because it sets forth the key components of the enterprise's business approach, indicates how revenues will be generated, and makes a case for why the strategy can deliver value to customers in a profitable manner

because it is a part of an operating model that focuses on delivering excellence and creating value for external shareholders and internal labor force

because it sets forth management's long$-$term action plan to match the business standards set by formidable rivals

because it details exactly how management's strategy will result in the achievement of the company's strategic intent

$$ because it sets forth manaqement's qame plan for maximizing profits for shareholders