A business model
A)is only important for startups with a large amount of uncertainty.
B)is intended to provide evidence on whether a concept is viable,not if it can be profitable.
C)is made up of a revenue model,a cost structure,and key resource requirements.
D)forces the entrepreneur to be more disciplined about financial projections.

Question

Quizplus · Accepted Answer

A business model includes a revenue model (how the business will generate revenue), a cost structure (how much it will cost to operate the business), and key resource requirements (what resources are necessary for the business to function). It is important for any business, not just startups, and can help entrepreneurs be more disciplined about financial projections. Additionally, the viability of the concept and its profitability are both important considerations in a business model.

A Business Model