A business concept is a concise description of an opportunity that contains seven essential elements.

Name: A business concept is a concise description of an opportunity that contains seven essential elements.
Brand: Quizplus
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Question

A business concept is a concise description of an opportunity that contains seven essential elements. ​

Quizplus · Accepted Answer

A business concept typically outlines the core idea behind a business or business opportunity, but there is no strict rule that it must contain exactly seven essential elements. The number of elements can vary depending on the model or framework being used.

A Business Concept Is a Concise Description of an Opportunity