A business model is the mechanism whereby, through effective pricing, sales are transformed into revenues, costs are covered and __________ for the business owners.
A)value is created
B)costs are marginal
C)marketing is created
D)pricing is scheduled
E)a value proposition is developed

Question

Quizplus · Accepted Answer

A business model is designed to create value for the business owners by effectively setting prices to convert sales into revenue, covering costs, and generating profits. The other options are important components of a business model, but they do not directly address the goal of generating profits for the business owners.

A Business Model Is the Mechanism Whereby, Through Effective Pricing