business model
nounUK /ˈbɪznəs ˈmɒdl/
US /ˈbɪznəs ˈmɑːdl/
A business model is the plan for how a company makes money and keeps going.
The lemonade stand's business model was simple: sell drinks for more than the lemons cost.
OTHER MEANINGS
2. The way a company creates and delivers value to customers.
Their business model focuses on free apps supported by ads.
3. The structure of costs and income that keeps an organization running.
The charity's business model relies on donations and volunteers.
4. A framework describing how an enterprise earns and spends money.
Switching to subscriptions changed the whole business model.