EBusiness Model: A business model is a company’s plan for how it will create, deliver, and generates revenue on the internet and make a profit. It lays out a step by step plan of action for profitable operation of a business in a specific marketplace. The term business model is used to represent the core aspects of business which include purpose, strategies, business process infrastructure, trading practices, etc. Business model is divided into mainly four categories as follows: Business-to-business (B2B) Business-to-Consumer (B2C) Consumer-to-business (C2B) Consumer-to-consumer (C2C) Traditional Business Model: Traditional business model is a local store where the customers have to visit the stores physically to get the services or products.

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Chapter 14, Problem 2RQ

Program Plan Intro

EBusiness Model:

A business model is a company’s plan for how it will create, deliver, and generates revenue on the internet and make a profit.

It lays out a step by step plan of action for profitable operation of a business in a specific marketplace.

The term business model is used to represent the core aspects of business which include purpose, strategies, business process infrastructure, trading practices, etc.

Business model is divided into mainly four categories as follows:

Business-to-business (B2B)

Business-to-Consumer (B2C)

Consumer-to-business (C2B)

Consumer-to-consumer (C2C)

Traditional Business Model:

Traditional business model is a local store where the customers have to visit the stores physically to get the services or products.

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