Question

which of the following is not one of the purpose of a business model

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Answer 1

Answer:

A business model describes the rationale of how an organization creates, delivers, and captures value, 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.

Answer 2

Service motive is not one of the purposeS of a business model.

• The basic objective of a business model is to earn profit.
• Profit is the blood life of any business activity without which a business firm cannot continue for long.
• Profit is required to provide dividends to the shareholders and various benefits to stakeholders.
• It is also required to raise finance and to gain a respectable image in the market.