BUSINESS DRIVEN TECHNOLOGY(LL)-W/ACCESS
7th Edition
ISBN: 9781260149043
Author: BALTZAN
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 14, Problem 8RQ
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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Scenario
You work for a small company that exports artisan chocolate. Although you measure your products in kilograms, you often get orders in both pounds and ounces. You have decided that rather than have to look up conversions all the time, you could use Python code to take inputs to make conversions between the different units of measurement.
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Chapter 14 Solutions
BUSINESS DRIVEN TECHNOLOGY(LL)-W/ACCESS
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