Asked by grecia hernandez on Feb 18, 2024
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What is the relationship between the business plan and the business model?
A) The business model will not be possible without a business plan.
B) A business plan is more of an exercise while a business model is a formal structure.
C) Business plan is another term for business model.
D) A business model is a journey to gather evidence while a business plan is a formal document.
A) The business model will not be possible without a business plan.
B) A business plan is more of an exercise while a business model is a formal structure.
C) Business plan is another term for business model.
D) A business model is a journey to gather evidence while a business plan is a formal document.
- The business model provides the framework and structure for how a business will operate and generate revenue.
- The business plan outlines the specific strategies, goals, and financial projections that support the business model.
- The business plan and the business model are interconnected and rely on each other for success.
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Learning Objectives
- The business model provides the framework and structure for how a business will operate and generate revenue.
- The business plan outlines the specific strategies, goals, and financial projections that support the business model.
- The business plan and the business model are interconnected and rely on each other for success.