A business model
A) is only important for startups with a large amount of uncertainty.
B) is intended to provide evidence on whether a concept is viable, not if it can be profitable.
C) is made up of a revenue model, cost structures, and required resources to grow the business.
D) forces the entrepreneur to be more disciplined about financial projections.

Question

Quizplus · Accepted Answer

A business model is made up of the revenue model, cost structures, and required resources to grow the business. It is important to create a viable and profitable plan for any business, not just startups with uncertainty. Additionally, while financial projections are important, a business model also forces entrepreneurs to consider all aspects of their operations and strategy.

A Business Model