E-commerce Business Models and Concepts Chapter2.Assignment\#2 1) What is a business model and how is it different from a business concept? 2) What are the key components of an effective business model? 3) What are business strategies and how do they differ from business plans? 4) What is revenue proposition and how is it different from value proposition? 5) Describe the five primary revenue models commonly used by e-commerce firms. 6) Define competitive advantage and discuss how an e-commerce business can obtain one. 7) What is a portal and what are the distinguishing characteristics between vertical and horizontal portals? 8) What is an exchange and what are its key success factors? 9) What is competitive advantage and what are of the ways that an e-commerce company can obtain it? 10) Define e-commerce technology and list ways in which it will help achieve profitable business