Details the plan of how a corporation creates, delivers, and generates revenue Business Model
The term business model refers to a company's plan for creating a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses. Business models are important for both new and established businesses
It will be characterized by the interdependence, instead of independence, of its parts, while insuring that every part of the firm is a contributor to value. this needs new roles for each of the firm's parts so that they can work together in new ways to help the company's resource base grow.
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