Question: What would be the best definition of a business model?

Answer: Framework how a company created, delivers, and extract values.

Question: How will the business model create value?

Answer: Unmet needs will be met.

Question: On what does the business model focus in terms of a business’s service or product?

Answer: differentiation.

Question: What are the four parts of a business model?

Answer: Offering, customers, infrastructure, financial viability.

Question: The offering addresses

Answer: the value generated for the customers.

Question: Within a business model, customers refer to the _______________ your offering intends to serve.

Answer: segments of the market

Question: Infrastructure can be thought of as all the recourses that are needed to deliver

Answer: the CVP.

Question: Which of the following would be included when describing the infrastructure?

Answer: Facilities.

Question: The revenue and the cost of structures would be included in which part of the business model?

Answer: Financial viability.

Question: How is the section on financial viability more than a financial model?

Answer: It explains why customers would give you money.