QUESTION $19$

The difference between a business plan and a business model is the following

A$.$ A business model presents the broad strokes of how the firm will compete in the market while the business plan is the actual written document

B$.$ The business model is focused on the mechanisms through which the company can compete and extract value in order to sustain itself while the business plan is focused on all aspects including the target market and how to raise capital to start the venture

C$.$ A business plan subsumes a model

D$.$ All of the above

E$.$ All of the above except $C$