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1. What is a business model? Describe its functions and properties.

1. What is a business model? Describe its functions and properties.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. What is a business model? Describe its functions and properties. 2. Describe a revenue model and a value proposition. How are they related? 3. Identify some business models related to buying and those related to selling. 4. Describe how viral marketing works. 5. Describe some alternative revenue models for the website of a magazine publisher.
Transcribed Image Text:1. What is a business model? Describe its functions and properties. 2. Describe a revenue model and a value proposition. How are they related? 3. Identify some business models related to buying and those related to selling. 4. Describe how viral marketing works. 5. Describe some alternative revenue models for the website of a magazine publisher.
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