Types of Business Models (VCE SSCE Business Management): Flashcards
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Business model definition
Business model definition
Plan to generate revenue and make profit
Online business definition
Online business definition
Conducts activities via internet without physical presence
Brokerage model
Brokerage model
Agents that bring buyers and sellers together
Bricks-and-mortar business
Bricks-and-mortar business
Physical presence with stores/offices customers visit
Clicks-and-mortar business
Clicks-and-mortar business
Combines physical stores with online services and sales
Social enterprise primary motivation
Social enterprise primary motivation
Use profits to fund or support social causes
Franchise definition
Franchise definition
Franchisee pays franchisor to use business name and systems
Australia's franchise world ranking (per capita)
Australia's franchise world ranking (per capita)
Second in the world
Main franchise disadvantage
Main franchise disadvantage
Far less independence, acts as manager not owner
Importer definition
Importer definition
Purchases overseas products for resale in home country