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What is a business model?

What is a business model? Here are some definitions.

Noun
  1. The particular way in which a business ensures that it generates income, one that includes the choice of offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.
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Examples
He spoke of the impending death of free-to-air television as it operated an outdated business model.
We have also diversified our business model and now provide a lot of consulting and support to our clients in addition to software.
We operate an efficient and streamlined fabless business model, which ensures sustainable profits even when competition is particularly intense.
Acting as a powerful retention tool, this profit-sharing business model is highly motivational.
As such, offering managed telephony services is a natural extension of their business model.
The real barrier to public networks supporting intercommunication is the lack of a business model that makes sense.

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