Compare the Business Model Canvas to the Lean Model Canvas

question 48

Essay

Compare the business model canvas to the lean model canvas based on the elements of target, focus and customers.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Activity Variances

Differences that arise between planned or expected costs and actual costs based on changes in activity levels in cost accounting.

Groceries

Items of food or household necessity purchased regularly for consumption or use.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level of a company.