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Business model

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Definition Edit

A business model describes the rationale of how an organization creates, delivers, and captures value — economic, social, or other forms of value. The process of business model design is part of business strategy.

Overview Edit

In theory and practice the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.

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