What is a hybrid business
Answers
Hybrid businesses are companies that may be classified in more than one type of business. A restaurant, for example, combines ingredients in making a fine meal (manufacturing), sells a cold bottle of wine (merchandising), and fills customer orders (service).
The question is answered below-
1. A hybrid business is a certain form of business that adopts diversified methods to run its business.
2. They levy importance on an alternative option to make their business sustainable alongside a physical and tangible office where clients and buyers can reach out.
3. The particular company opting for hybrid operations would strategize and design their business model which would satisfy more than one target buyer in two different sectors.
4. It also uses the resources of the internet to enlarge its boundaries.
5. A restaurant advertising and selling some readymade food products along with serving buffet and ala carte is a popular example of a hybrid business.