What is a business model?

There are various trading relationships and connection methods between enterprises, between departments of enterprises, and even between customers and channels. This is the business model.

Business model is a conceptual tool, which contains a series of elements and their relationships to clarify the business logic of a specific entity.

Business model 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. It is a system or model for enterprises to meet the needs of consumers. Or how to make money. And this process has distinct characteristics and conforms to its own resource conditions.