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Components of a business model

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The components of a business model include details on all operations and short- and longterm visions for the business' growth. Without a business model, investors and owners will not have a clear idea of growing the business in the best way. It will be much harder to create a stable and sustainable business operation. Business models are important for both new and established businesses. They help companies attract investment, recruit talent, and motivate management and staff. Describe several business model components for your choice of one Click and Mortar business organization (name the business), namely its value proposition, revenue model, market opportunity, competitive advantage and market strategy.

Reference no: EM133189863

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