https://www.mediafire.com/file/p15ruw7v2borfe3/small-business-management-theory-and-practice.pdf/file read chapter 4. 2-3 sentences max. What is a business model and why is it more strategic than a b

https://www.mediafire.com/file/p15ruw7v2borfe3/small-business-management-theory-and-practice.pdf/file

read chapter 4. 2-3 sentences max. 

1. What is a business model and why is it more strategic than a business plan.
2. What is the difference between a value proposition and a price proposition?
3. What is the importance of fixed costs and variable costs when it comes to startups and early stage companies?
4. What is the difference between Critical Success Factors and Objectives?
5. What are the two primary ways that a company can compete in the market and what is the risk of each?
6. What are the four Planning Response Types and why are each valid depending on the company’s task environment and complexity?