business model

  

Definition

Description of means and methods a firm employs to earn the revenue projected in its plans. It views the business as a system and answers the question, "How are we going to make money to survive and grow?"

Use business model in a sentence

  • Obtaining a business loan can be a difficult task, especially if you have a low credit score, so it is important to have a clear business model to present

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  • The business model that the restaurant I run uses, is one of high customer volume and turning over the tables as quickly as possible.

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  • When starting a new business, it is important to have a solid plan for your business model and some examples of other businesses that have succeeded with a similar model.

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