5 Questions
What does a business model describe?
The products or services the business plans to sell, its identified target market, and any anticipated expenses
What are Key Partners in a business model?
Relationships with other businesses, governmental, or non-consumer entities that help the business model work
What does Value Proposition refer to in a business model?
The value a company promises to deliver to customers should they choose to buy their product
What are Key Resources in a business model?
The most important assets needed to make a business model work
What are Key Activities in a business model?
Any activities that the business is engaged in for the primary purpose of making a profit
Test your knowledge on business models with this quiz, which covers the definition, components, and key aspects of a successful business model including key partners, target market, and value creation.
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