Business model is about ________ while delivering products or services to customers.

Question

Quizplus · Accepted Answer

A business model is about how a company creates value for itself. It outlines how a company plans to generate revenue, what expenses it will incur, and how it will manage its resources while delivering products or services to customers. It is essentially the blueprint for how a company intends to operate and make money. While addressing customer needs and conducting research are important aspects of any business model, the primary focus is on how the company will create value for itself. Sustainable financial backing is certainly important, but it is not the central component of a business model.

Business Model Is About ________ While Delivering Products or Services