Asked by Sunflower Songs on Feb 18, 2024
Verified
A business model and a revenue model are the same thing.
Revenue Model
A key component of the business model that identifies how the company will earn income and make profits.
- Identifying the components and elements of a business model
- Recognizing the components and elements of a revenue model
- Understanding the difference between a business model and a revenue model
Verified Answer
AG
Antonio GarthFeb 18, 2024
Final Answer :
False
Explanation :
A business model is the strategy a company uses to create and deliver value to customers and generate revenue, while a revenue model is the specific method a company uses to earn revenue, such as through direct sales, subscriptions, or advertising.
Learning Objectives
- Identifying the components and elements of a business model
- Recognizing the components and elements of a revenue model
- Understanding the difference between a business model and a revenue model
Related questions
Define the Business Model and Identify Its Four Core Areas
The Infrastructure of the Business Model Does Not Include People--Only ...
The Business Model Is Just About Revenues and Costs
A Revenue Model Explains How an Entrepreneur Will Make Money ...
What Revenue Model Charges Customers Fees Based on How Often ...