Chapter D, Problem 2QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses.