Question: You have successfully taught yourself how to program apps by using online resources like Datacamp, Coursera, and Codeacademy. You have an idea for a new

You have successfully taught yourself how to program apps by using online resources like Datacamp, Coursera, and Codeacademy. You have an idea for a new app that will inform students whether their backpacks are missing important items on a particular day, like textbooks, Scantron forms for exams, laptops, or nancial calculators You develop a business plan and win the $50,000 rst prize in a competition run by Innovation Depot, the epicenter for technology startups in Birmingham, Alabama. You are about to graduate, and you want to launch your own startup with the prize money. At a high level, explain (1) the primary purpose of business and how it relates to your business, (2) your business model in terms of inputs of resources and outputs of goods and services (refer to Illustration 1.11 for guidance), and (3) the cash ow implications of your business model, including how you are going to generate cash
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