Asked by Taylor Abercrombie on Feb 18, 2024

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How do business models help entrepreneurs create value?

A) by fulfilling unmet needs in an existing market
B) by ensuring profits will be made
C) by guaranteeing the stock will be valued
D) by providing an interview template for new customers

Market

A place where people can sell goods and services (the supply) to people who wish to buy those goods and services (the demand).

  • Developing a unique value proposition to address those needs
  • Creating a sustainable competitive advantage
  • Understanding the target market and identifying unmet needs
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Verified Answer

JG
jaleel gilliam

Feb 18, 2024

Final Answer :
A
Explanation :
Business models help entrepreneurs create value by identifying unmet needs in an existing market and developing a plan to meet those needs in a way that customers are willing to pay for. This leads to the creation of value for both the customer and the entrepreneur. Business models also provide a framework for making strategic decisions and managing resources in a way that maximizes profitability and sustainability.