A company's business model does not

Multiple Choice

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

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

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

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