Question

What is the difference between business strategies and business models?

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

Answer 1

A . Business strategies include long-term business plans, while business models include plans for daily business functions

Answer 2

Answer: A

Explanation: A business strategy is a deliberate vision to get toward a desired long-term goal. A business model is a great tool to execute a business strategy. Yet while achieving a long-term goal a business strategy set a vision, mission, and value proposition that can be executed through several possible business models.