The term "Business model" describes the framework that describes how an organization creates, delivers, and captures value, including target customers, revenue streams, and cost structure.
Once a concept has been mastered, it can be deconstructed to create something unique; understanding key archetypes accelerates business success and innovation.
There are traditional models like the brick-and-mortar store as well as innovative options like subscription-based and peer-to-peer platforms to consider.
From the A la Carte model, which allows customers to select various parts of a product, to the Add-on model where main offers are priced lower, numerous strategies exist.
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