What is another word for business model?

Pronunciation: [bˈɪznəs mˈɒdə͡l] (IPA)

A business model is a foundational concept for any entrepreneurial venture or established company. It outlines the way a business produces, delivers, and profits from its products or services. There are several synonyms that can be used to describe this concept. For example, a company's revenue model refers to the strategy used to generate income, while a value proposition describes the value a company offers to its customers and how it differentiates itself from competitors. Additionally, a business plan outlines a company's objectives, strategies, and tactics, while a sales model outlines the processes used to generate sales. Regardless of the synonym used, a well-defined business model is essential for any successful enterprise.

What are the hypernyms for Business model?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Business model

  • One is that that's the way we started and we thought there would be more value and less confusion if the business model was just based on delivering news that's of value to Web sites.
    Jay Chiat
  • So in 2000, when we changed the business model and started really focusing on that triangle and putting the customer in the center, we decided we should hold off - we've done enough consolidation; we've got enough critical mass.
    Sanjay Kumar
  • Well, if you look back, in almost two and a half years, the biggest change probably was in late 2000 when we decided to totally change the CA business model.
    Sanjay Kumar
  • The most essential thing for us was to get the business model right, then put the world-class technology under it to support it. At Merrill, that meant not doing what people expected.
    John McKinley
  • I think Microsoft will have to change. I think that the business of Microsoft, the company of Microsoft, is going to continue to succeed. But I think the business model of Microsoft is going to have to change.
    Tim O'Reilly

Word of the Day

Monosodium Salt Glycine
Monosodium Salt Glycine is a common food additive that enhances flavors in processed foods. However, if you're searching for synonyms for this chemical compound, you might come acr...