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A toy retail chain store from Korea is planning to expand its business to Singapore. The top management team is discussing what business model would suit given the changing consumer shopping habits. Briefly explain the key components of a business model. Next, discuss if they should go for TOMS Shoes/Warby Parker 'buy one, give one' model, or Groupon subscription membership service that offers exclusive deals, or IKEA one-stop shop concept that includes a restaurant and food market. Consider the current situation during pandemic

Reference no: EM133188737

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