Business Model
Example
Netflix’s business model revolves around a subscription-based service, where customers pay a monthly fee to access streaming content. This model provides a steady revenue stream and helps the company retain customers.
Definition
A business model outlines how a company creates, delivers, and captures value in the market. It is a comprehensive plan that defines the company’s strategy, target customers, revenue streams, cost structure, and key activities. Successful business models are crucial for attracting investors and guiding a company’s growth. Common business models include subscription, freemium, and direct sales.
Disclaimer: The terms and definitions provided in this business dictionary are for informational purposes only. While every effort has been made to ensure accuracy, the content may not be exhaustive and may not be applicable to all business situations. Readers should seek professional advice before making business, legal, or financial decisions based on the information provided. The authors and publishers are not responsible for any errors, omissions, or outcomes related to the use of this dictionary.