A theoretical model used in science and business contexts.
Although the concept was developed in the context of for-profit businesses, it is now applied to any type of organisation, including for-profit, non-profit, and governmental.
There are many versions of business models: Al-Debei (2008) identified four primary dimensions while Yoram (2014) comprised the following three components: (1) Customer Value Proposition; (2) Infrastructure (both resources and processes); and (3) Financial Aspects.
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