Business Models (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Business model definition
Business model definition
Explains how company operates & makes money, creates value
Business Model Canvas creators & year
Business Model Canvas creators & year
Alexander Osterwalder & Yves Pigneur, 2010
Components in Business Model Canvas
Components in Business Model Canvas
Nine key components
Value Proposition
Value Proposition
What makes product/service unique & valuable to customers
Revenue Streams
Revenue Streams
Ways business generates income from customer segments
Retailer model
Retailer model
Buy from wholesalers/manufacturers, sell to consumers
Subscription model
Subscription model
Ongoing access for regular recurring payment
Franchise model
Franchise model
License brand & business model to entrepreneurs (franchisees)
Freemium model
Freemium model
Free basic version, charge for premium features
Affiliate model
Affiliate model
Promote others' products, earn commission on sales