Business Models Questions

Business Finance

Learning Objectives:

  • Describe the environment in which business operates.
  • Explain the internal structures of organizations.

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 attribution for your learning.