What Is the Difference Between a Business Model and an Ebusiness

question 66

Multiple Choice

What is the difference between a business model and an ebusiness model?

• A) A business model details how a company creates, delivers, and generates revenue. An ebusiness model does all of the same except on the Internet.
• B) A business model and an ebusiness model are identical.
• C) A business model and an ebusiness model are complete opposites.
• D) An ebusiness model details how a company creates, delivers, and generates revenue. A business model does all of the same except on the Internet.

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Definitions:

Supplies

Consumable items or materials used in the daily operations of a business or for the completion of a task.

Withdrawal

The act of removing funds from an account or the act of taking out resources or assets from business use by the owners.

Business Transaction

An economic event that affects the financial position of a company and is recorded in its accounting system.

Accounting Equation

A fundamental principle in accounting that represents the relationship between a company's assets, liabilities, and equity (Assets = Liabilities + Equity).