0
535views
Identify and explain any 6 types of business models
1 Answer
0
6views

Types of Business Models There are as many types of business models as there are types of business. For instance, direct sales, franchising, advertising-based, and brick-and-mortar stores are all examples of traditional business models. There are hybrid models as well, such as businesses that combine internet retail with brick-and-mortar stores or with sporting organizations like the NBA.

Each business plan is unique within these broad categories. Consider the shaving industry. Gillette is happy to sell its Mach3 razor handle at cost or for a lower price in order to get steady customers for its more profitable razor blades. The business model rests on giving away the handle to get blade sales. This type of business model is actually called the razor-razorblade model, but it can apply to companies in any business that sells a product at a deep discount in order to supply a dependent good at a considerably higher price.

Please log in to add an answer.