Asked by Michael Dotson on Feb 18, 2024



For a business model's CVP to be effective,it must offer better value than the competition.

Business Model

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

  • Identifying the key components of a CVP that contribute to offering better value than the competition.
  • Analyzing the target market and customer needs to determine the value proposition that will resonate with them.
  • Understanding the importance of a competitive advantage in a business model's CVP.

Verified Answer

Amber Beasley

Feb 18, 2024

Final Answer :
Explanation :
A business model's CVP (Customer Value Proposition) must offer unique and superior value compared to its competitors in order to be effective and attract customers.