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A Business Model Describes What a Business Does, What It

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A business model describes what a business does, what it sells, and who it sells to.


Definitions:

Autobiographical Memory

The aspect of memory that involves the recollection of personal experiences and events.

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Long-term Memory

The phase of the memory process that is concerned with the storage of information over an extended period.

Sensorimotor Stage

The first of the four stages of cognitive development in Piaget's theory, spanning from birth to two years, where infants learn through interacting with the environment.

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