A Business Model Is a Written Document That Describes All

question 11

True/False

A business model is a written document that describes all the aspects of a business venture in a concise manner.

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Definitions:

Oral Contracts

Agreements made through spoken communication rather than written documentation, yet legally binding in many cases.

Documentation

The process of recording information in a structured and retrievable format, serving various administrative, legal, or informational purposes.

Tasks Accomplished

Completed activities or objectives, often used in the context of work or project management.

Client Participation

Involvement of clients in the decision-making process or in the development and implementation of programs and services affecting them.