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August 17, 2023

Demonstrate understanding of business models used in various business organizations

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Goal: Demonstrate understanding of business models used in various business organizations.

LO1: Identify basic business concepts.

LO2: Identify the main forms of business organizations.

Prompt:

Business Models provide a framework for how to make or how to sell. Watch the video and answer the questions below.

The Explainer: What is a Business Model?

Conduct a little research on business models. Provide an example of how the industry assigned to you uses either the product &/or marketing business model.

The assigned industry for you to focus on this weeks business model, please use the first letter of your first name:

A-D Automobiles

E-H Banking/Financial

I-L Consumer Apparel/retail

M-P Food & Beverage

Q-V Household/Personal Products

W-X Materials (raw)

MINES WOULD BE (FOOD & BEVERAGE)

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