Asked by Carena Carrington on Feb 18, 2024



Define the business model and identify its four core areas.

Business Model

Describes the rationale of how a new venture creates, delivers, and captures value.

  • Identifying the key components or elements that make up a business model.
  • Recognizing the four core areas or dimensions that are typically included in a business model.
  • Understanding the concept of a business model and its importance in the context of a company's operations and strategy.

Verified Answer

Kylie Pasion

Feb 18, 2024

Final Answer :
The business model is the framework for creating and delivering consumer value,while extracting value for the entrepreneur as well.Broken into four parts,each business model includes an offering,customers,infrastructure,and financial viability.