A business model is a story of how the firm will create value for customers,and do so profitably.

Name: A business model is a story of how the firm will create value for customers,and do so profitably.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. The business model is a plan or a blueprint for the company's operations, which defines how it will generate revenue and create value for its customers in a way that will allow it to be profitable.

A Business Model Is a Story of How the Firm