Students will develop a business model which is a firm's plan for how it competes in the market. Abusiness modelis a company's core profit-making plan which defines the products or services it will sell, its target market, and any expected costs. Students will complete the Business Model Canvas to clarify their model.

Instruction

Submit a paper that addresses the following:

Complete the Business Canvas Model you will find on Moodle. On that form you will see an example of a completed Business Canvas and you could view the YouTube video Himo, N. (2021, June 6). Business model canvas - A guide for beginners [Video]. YouTube. https://www.youtube.com/watch?v=LbbGRgGKSyg:The use of business model canvas in the design and classification of product-service systems design methods.These will help you conceptualize and complete a business canvas for your project.

Submit the completed Business Model Canvas. You must also include the below (Write on any business) Need to see an example

Graded Item	% of Final Grade
Identifies the mission and vision statement of the business	/15
Identifies the core competencies of the business	/15
Articles about the target market(s)	/20
Provided a clear and coherent business model using the Business Model Canvas	/20
Discusses what a business model is	/15
Demonstrates good organization, including a strong introduction and conclusion