How can an individual define the term business model?
It is a process of delivering products and services to end users by targeting them with a unique process. Every type of organizations must have clearly established business model. This will leverage them to earn huge income.
The success of any entrepreneurial venture or existing business will depend upon the way simplified business process will exist. For example: Now a days, People are delivering lecture on internet based tools without class room intervention. Here , internet based model will be applicable.