In order to grasp the concept of the business model, the book lists various alternative definitions. Which three of the following are correct? A business model:
A) describes how all the elements in the system fit together to form a functional whole
B)describes how an organization creates, delivers and captures value
C) is the overall configuration of ideas, resources, activities and logics in the organization
D) is a model which states those businesses one should choose and those best avoided
E) is a tool which uses business as a model for the future

Question

Quizplus · Accepted Answer

These three choices correctly describe the concept of a business model as defined in the book.

In Order to Grasp the Concept of the Business Model