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4. The business model defines the perspective of the business in terms of its structure, production, operation, and financial activities that will lead to the achievement of the VGMO. true or false​

Sagot :

The answer is TRUE.

The phrase "business model" refers to an organization’s strategy for turning a profit. It is the main business strategy used by the organization to operate profitably. It also lists any estimated costs as well as the goods or services the company wants to sell, as well as its chosen target clientele. Both new and established firms need sound business concepts. They aid young, developing businesses in luring capital, hiring talent, and inspiring leadership and personnel.

In order to stay current with trends and difficulties, established organizations must frequently alter their business models. Business models also assist employees in understanding the future of an organization they might want to work for and investors in evaluating companies that interest them. It is true that the business model outlines the organization's perspective in terms of the production, operation, and financial actions that will help them to achieve their Vision, Goals, Mission, and Objectives.

For more information about Business Model, you can click the links below:

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