A ______ describes the rationale of how a new venture creates,delivers,and captures value.
A)business model
B)business plan
C)mission
D)vision

Question

Quizplus · Accepted Answer

A business model outlines how a company plans to generate revenue and make a profit by explaining the value proposition, target market, revenue streams, cost structure, and key resources and activities. It is different from a business plan, which is a more detailed document outlining specific strategies and tactics for achieving the goals outlined in the business model. A mission is a statement of the company's purpose, while a vision outlines the company's aspirations and long-term goals.

A ______ Describes the Rationale of How a New Venture