3b) Types of business models Flashcards
1
Q
What is an online business?
A
An online business is a business
model that trades its goods and
services via the internet
2
Q
What is brick and mortar?
A
Bricks and mortar is a business
that has a physical store presence.
3
Q
What is a social enterprise?
A
A social enterprise is a business
model that aims to fulfil a
community or environmental need
by selling goods or services
4
Q
What is a franchise?
A
A franchise is a business model that grants another person the right to operate under their name, use its business systems and sell its goods and services.
5
Q
What is an importer?
A
An importer purchases goods and
services from overseas and sells
them in their home country
6
Q
What is an exporter?
A
An exporter produces goods and
services in their home country and
sells them to overseas buyers.
