A business model is a preliminary run of a business with the goal of assessing how well the overall approach works and what problems it might have.

Name: A business model is a preliminary run of a business with the goal of assessing how well the overall approach works and what problems it might have.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A business model describes how a company creates, delivers, and captures value, not a preliminary run or test of the business.

A Business Model Is a Preliminary Run of a Business