A company's business model does not Multiple Choice:

constitute management's blueprint for delivering a valuable product or service to customers in a manner that will generate revenues sufficient to cover costs and yield an attractive profit.

reflect management's storyline for how the strategy will be a moneymaker.

consist of two crucial elements: (1) its customer value proposition and (2) its profit formula.

set forth the logic for how its strategy will create value for customers, while at the same time generates revenues sufficient to cover costs and realize a profit.

reflect how efficiently a company can meet customer wants and needs even at the cost of incurring loss.