Assignment:
Business models provide a frame work. Watch the video and answer the questions below:
- Why is a business model important?
- How are business models influenced by internal and external factors?
- Conduct a little research on models and discuss the difference between the product model and the marketing model. Is one model better than the other? Explain.
Your answer must be in your own words it must be 250 word minimum that reflects research and not opinion. Provide citations for the source of your learning.