Asked by Timmy Badejo on Feb 18, 2024



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

Emily Janvier

Feb 18, 2024

Final Answer :
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.