Business Model Importance
Why is a business model important?
How are business models influenced by internal and external factors?
Conduct a little research on models and discuss the difference between the product model and the marketing model. Is one model better than the other? Explain.
250 word minimum that reflects research and not opinion. Provide citations for the source of your learning in APA Format.
Attached is the the reading material for you to reference. Chapter 3
……………………….Answer preview…………..
A business model is a graphical, textual or a conceptual representation of business ideas and ideologies all interrelated in an architectural drawing showing the essential and core functions of the firm. The business model is fundamental in any business to help interpret the company’s mission, vision and core values altogether in a drawing and how the closely relate to each other (Osterwalder & Pigneur, 2013). From the representation, an enterprise can formulate its goals…………………………..
APA
424 words
