A business model:
A)means the same thing as a revenue model
B)focuses on how the product or service will serve a market need
C)determines how profits will be made
D)determines how revenue will be earned

Question

Quizplus · Accepted Answer

A business model focuses on how a product or service will serve a market need, outlining the value proposition, target customers, and the strategy for delivering the product or service.

A Business Model