Anonymous asked in Education & ReferenceHomework Help · 1 decade ago

What is a business model?

I am suppose to describe a business model, but I really don't know what that is.

3 Answers

  • 1 decade ago
    Favorite Answer

    A Business Model "describes the way in which a company makes money. A business model can be simple or very complex. A restaurant's business model is to make money by cooking and serving food to hungry customers. A web site's business model might not be so clear, as there are many ways in which these types of companies can generate revenue. For example, some make money (or try to) by providing a free service and then selling advertising to other companies, while others might sell a product or service directly to on line customers."

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  • Anonymous
    5 years ago

    Really, I like this video better for giving a brief explanation of what a business model is:

    Youtube thumbnail

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  • 6 years ago

    Here is a video explaining exactly what is a business model:

    Youtube thumbnail

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