Business Models BADM 4970 29 OCTOBER 2018
Definition of Business Models This describes the method or means by which a company tries to capture value from its business. A business model may be based on many different aspects of a company, such as how it makes, distributes, prices or advertises its products A business model is a company's plan for how it will generate revenues and make a profit . It explains what products or services the business plans to manufacture and market, and how it plans to do so, including what expenses it will incur. Read more: Business Model Follow us: Investopedia on Facebook
business model canvas definition A well-developed business model canvas will help streamline planning, development, and execution across your business. It should align everyone’s objectives and eliminate inconsistencies between the various people who contribute to your business objectives.
You've reached the end of your free preview.
Want to read all 12 pages?