A Business Model Describes How the Enterprise Creates Value for Customers

question 18

True/False

A business model describes how the enterprise creates value for customers and generates revenue.

---

Definitions:

Toddlers

Young children who are just beginning to walk, generally aged between one and three years.

Behaviours

Observable actions or reactions of individuals or groups in response to external or internal stimuli.

Complexity

The state or quality of being intricate or complicated, often referring to systems, processes, or issues with multiple interrelated parts.

Skill Progression

A systematic approach to incrementally increase the difficulty or complexity of a skill being learned.