Asked by Desire Clark on Feb 18, 2024
Verified
A revenue model explains how an entrepreneur will make money from delivering on the customer value proposition.
Entrepreneur
An individual or a group who creates something new—a new idea, a new item or product, a new institution, a new market, a new set of possibilities.
- Identifying the sources of revenue for an entrepreneur
- Analyzing the relationship between the customer value proposition and revenue generation
- Understanding the different components of a revenue model
Verified Answer
MS
Matthew Stout
Feb 18, 2024
Final Answer :
True
Explanation :
A revenue model is a key component of a business model and explains how a company will generate income from its products or services. It describes the various sources of revenue and how they will be collected, such as through sales or subscription fees.
Learning Objectives
- Identifying the sources of revenue for an entrepreneur
- Analyzing the relationship between the customer value proposition and revenue generation
- Understanding the different components of a revenue model