What Is a Business Model? Why Is It Important? Provide

question 4

Essay

What is a business model? Why is it important? Provide an example to illustrate your answer.

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Definitions:

Bored

Feeling weary or restless due to a lack of interest in one's current activities or surroundings.

Nonverbal Signals

Communication without the use of spoken language, including gestures, facial expressions, and body language.

Higher Management

A level of management that includes top executives who are responsible for making strategic decisions and overseeing the overall direction of an organization.

Layoff

The temporary or permanent termination of employment of an employee or group of employees for reasons not related to personal performance.