Definition: A business model describes the rationale of how an organization creates, delivers and captures value. It can be described through 9 building blocks: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships & Cost Structure .
Read moreWhat is business model canvas explain?
A business model canvas is a visual representation of a business model, highlighting all key strategic factors . In other words, it is a general, holistic and complete overview of the company’s workings, customers, revenue streams and more.
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