Why is a business model important business and finance homework help

Business models provide a frame work. Watch the video and answer the questions below.

Prompt:

  1. Why is a business model important?
  2. How are business models influenced by internal and external factors?
  3. Conduct a little research on models and discuss the difference between the product model and the marketing model. Is one model better than the other? Explain.

Instructions:

Your response must be in your own words. Your initial post should be 250 word minimum that reflects research and not opinion. Provide citations for the source of your learning.

 
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