EBK BUSINESS DRIVEN TECHNOLOGY
7th Edition
ISBN: 8220103675451
Author: BALTZAN
Publisher: YUZU
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Chapter 14, Problem 7RQ
Program Plan Intro
Business 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)
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