How do business models help entrepreneurs create value?
A)by fulfilling unmet needs in an existing market
B)by ensuring profits will be made
C)by guaranteeing the stock will be valued
D)by providing an interview template for new customers

Question

Quizplus · Accepted Answer

Business models help entrepreneurs create value by identifying unmet needs in an existing market and developing a plan to meet those needs in a way that customers are willing to pay for. This leads to the creation of value for both the customer and the entrepreneur. Business models also provide a framework for making strategic decisions and managing resources in a way that maximizes profitability and sustainability.

How Do Business Models Help Entrepreneurs Create Value