Question

Name and explain the two characteristics of
business which involve possibility of les ?​

Answer 1

Answer:

A business model describes the rationale of how an organization creates, delivers, and captures value,[2] in economic, social, cultural or other contexts. The process of business model construction and modification is also called business model innovation and forms a part of business strategy.[1]

In theory and practice, the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture.

Explanation: