Brandon Jones has crafted a business model for his firm that is based on an existing plan or template for how firms in his industry create, deliver and capture value for their shareholders. Brandon has crafted ..... a business model.

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Brandon Jones has crafted a business model for his firm that is based on an existing plan or template for how firms in his industry create, deliver and capture value for their shareholders. Brandon has crafted ____ a business model.

A	disruptive
B	standard
C	customary
D	temporary
E	normal

Explanation:

Detailed explanation-1: -The sequence for developing a proper business model includes validation of the various information regarding the business idea, then preparing the business model to analyze its success, then deciding the various operational requirements of the firm for the execution of a plan.

Detailed explanation-2: -Revenue streams This is the last of the nine components of the Business Model Canvas. It describes how the company makes money from its target market.

Detailed explanation-3: -The term business model refers to a company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses. Business models are important for both new and established businesses.

There is 1 question to complete.

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT