Chapter 14, Problem 6RQ

Program Plan Intro

Business 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)