which should be included in a firm's business model? (choose every correct answer.) multiple select question. the firm's expected revenues and expenses the firm's standards for measuring success the firm's strategy for achieving its goals how the firm will market to customers a description of the industry the firm is entering

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16-12-2022
Business

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which should be included in a firm's business model? (choose every correct answer.) multiple select question. the firm's expected revenues and expenses the firm's standards for measuring success the firm's strategy for achieving its goals how the firm will market to customers a description of the industry the firm is entering

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vtkarishma vtkarishma · Answer 1 · 2022-12-21T01:50:24-05:00

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.

What is Business Model?

Business models are important for both new and established businesses. They help new, developing companies attract investment, recruit talent, and motivate management and staff.

Established businesses should regularly update their business model or they'll fail to anticipate trends and challenges ahead.

Business models also help investors evaluate companies that interest them and employees understand the future of a company they may aspire to join.

Therefore, 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.

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