Question

What is the difference between business strategies and business models?

A. Business models focus on specific aspects of a business, while
business strategies focus on how different aspects affect the
whole business.
B. Business strategies focus on specific aspects of a business, while
business models focus on how different aspects affect the whole
business.
C. Business strategies include long-term business plans, while
business models include plans for daily business functions.
D. Business strategies incorporate forms of traditional business
advertising, while business models incorporate the use of social
media.

Answer 1

Business strategies focus on specific aspects of a business, while business models focus on the different aspects and components of a business and how they work together to deliver value to customers.

Step-by-step explanation:

The difference between business strategies and business models is that business strategies focus on specific aspects of a business, such as marketing, operations, or finance, and how they contribute to the overall success of the business. On the other hand, business models focus on how the different aspects and components of a business, such as revenue streams, cost structure, and value proposition, work together to create and deliver value to customers.

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