Business Driven Technology
7th Edition
ISBN: 9781259567322
Author: Paige Baltzan Instructor
Publisher: McGraw-Hill Education
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Question
Chapter 14, Problem 2RQ
Program Plan Intro
EBusiness Model:
- A business model is a company’s plan for how it will create, deliver, and generates revenue on the internet and make a profit.
- It lays out a step by step plan of action for profitable operation of a business in a specific marketplace.
- The term business model is used to represent the core aspects of business which include purpose, strategies, business process infrastructure, trading practices, etc.
- Business model is divided into mainly four categories as follows:
- Business-to-business (B2B)
- Business-to-Consumer (B2C)
- Consumer-to-business (C2B)
- Consumer-to-consumer (C2C)
Traditional Business Model:
Traditional business model is a local store where the customers have to visit the stores physically to get the services or products.
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Chapter 14 Solutions
Business Driven Technology
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- How can businesses adapt their business models to respond to changing market conditions and customer preferences?arrow_forwardWhat are the primary differences between a B2B (business-to-business) and a B2C (business-to-consumer) business model, and how do these differences affect operations and marketing?arrow_forwardHow can a company effectively pivot its business model in response to changing market conditions or disruptions?arrow_forward
- Due to the paradigm shift from computer technology to Information technology what benefits and challenges faced by business world?arrow_forwardFind out what a business can do to overcome customer mistrust.arrow_forwardHow do intangible services differ from tangible services, and what challenges do they pose for marketing?arrow_forward
- How would you say an e-commerce business is better than a typical brick and mortar business approach? NB. No plagiarism.arrow_forwardIf you were to compare e-commerce to a traditional brick-and-mortar strategy, how would you describe the benefits?arrow_forwardBusiness-to-consumer (B2C) model applies to businesses that sell products or services directly to consumers online. Following are the forms of B2C operations, except: Group of answer choices: a. click-and-mortar business b. pure-play (virtual) business c. pure-click business d. brick-and-mortar businessarrow_forward
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