A business model represents a ____ in a business situation.
A) group of common characteristics and behaviors
B) shared focus on customers
C) shared focus on suppliers
D) shared focus on profits
E) group of shared values

Question

Quizplus · Accepted Answer

A business model represents a group of common characteristics and behaviors that define a company's approach to creating, delivering, and capturing value. It outlines how a business creates and delivers products or services to customers while generating revenue and profits. Shared focus on customers, suppliers, profits, and values may be components of a business model but do not fully define it.

A Business Model Represents a ____ in a Business Situation