3B Types of business models Flashcards
1
Q
What is a online business?
A
A business model that trades its good and services via the internet.
2
Q
What is a bricks and mortar business?
A
A business with a physical store
3
Q
What is a social enterprise?
A
A business that aims to fill a community or environmental need by selling goods ore services
4
Q
What is a franchise?
A
a large business model that grants people to make business systems under the same name.
5
Q
What is an importer?
A
Someone that purchases goods and services from overseas to sell in the own country
6
Q
What is a exporter?
A
someone that produces goods and services in their own country and sells them in other countries.
