Final answer:
A business model is how a company produces, delivers, and sells its products and services in the marketplace.
Step-by-step explanation:
The correct answer is business model. A business model refers to how a company produces, delivers, and sells its products and services in the marketplace. It is the overall strategy and structure that guides a company's operations and revenue generation. For example, a traditional brick-and-mortar retail business model involves producing products, storing them in physical stores, and selling them to customers who visit the stores. On the other hand, an e-commerce business model involves producing products, storing them in warehouses, and selling them online to customers who place orders through a website.