Chapter - 2 Flashcards
1
Q
set of planned activities designed to result in a profit in a marketplace?
A
Business model
2
Q
Describes a firm’s business model?
A
Business plan
3
Q
Uses/leverags unique qualities of internet and web?
A
e-commerce business model
4
Q
eight key elements of a business model
A
- value proposition
- revenue model
- market opportunity
- competitive environment
- competitive advantage
- market strategy
- organizational development
- management team
