The concept of "business model" was put forward as early as 1950s, but it didn't become popular until 40 years later (1990s). The business model defined by Timos refers to a complete system of products, services and information flow, including each participant and his role in it, as well as the potential benefits of each participant and the corresponding sources and methods of income. In the process of analyzing the business model, we mainly pay attention to the relationship between a class of enterprises and users, suppliers and other cooperative offices in the market, especially the logistics, information flow and capital flow between them.
How to understand: (simple answer)
Business model is the way for companies to make money. In short, beverage companies make money by selling drinks; Express companies make money by sending express delivery; Internet companies make money through click-through rates; Communication companies make money by collecting phone bills; Supermarkets make money through platforms and warehouses, and so on. As long as there is money, there is a business model.
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