A business model is ________.
A)a competitor that a company seeks to emulate
B)a strategic design for how a company intends to make profit
C)a theoretical ideal that a company seeks to emulate
D)an unrelated organization whose practices a company seeks to emulate

Question

Quizplus · Accepted Answer

A business model is a strategic design for how a company intends to make a profit. It outlines the products or services the company plans to offer, the target market, and the revenue streams that will generate income for the business. It can also include information on costs, resources, and partnerships.

A Business Model Is ________