Asked by Timmy Badejo on Feb 18, 2024
Verified
The business model is just about revenues and costs.
Business Model
Describes the rationale of how a new venture creates, delivers, and captures value.
- Recognizing that a business model encompasses both revenue generation and cost management.
- Identifying the need for a balanced approach to revenue and cost considerations in a business model.
- Understanding the importance of a business model in determining the success of a company.
Verified Answer
EJ
Emily Janvier
Feb 18, 2024
Final Answer :
False
Explanation :
The business model is not just about revenues and costs. It also encompasses the value proposition, target customer segments, channels, key partners, key resources, and other elements that make up the overall strategy of a business.
Learning Objectives
- Recognizing that a business model encompasses both revenue generation and cost management.
- Identifying the need for a balanced approach to revenue and cost considerations in a business model.
- Understanding the importance of a business model in determining the success of a company.