The business model
Example: Business model explains how company creates and delivers value
Definition
"The business model" refers to a plan or framework that explains how a company creates, delivers, and captures value. It outlines the core strategy for generating revenue, identifying customers, and defining the processes and resources necessary for success.
Etymology
The phrase "the business model" combines "business," originating from Old English 'bisigness' meaning 'care' or 'occupation,' and "model," from Latin 'modulus,' meaning 'measure' or 'standard.' Together, they describe a standard or representation of how a business operates to achieve its goals.
Learn to use this word actively
"The business model" appears in the Vocaplus list "English - Entrepreneurship - (A1-C2) - set 1", containing 110 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select English as the language you want to learn.
Create a free account
