3B Flashcards
(7 cards)
A business model
A business model is a plan that identifies how the business will operate to make a profit.
An online business
An online business is a business model that trades its goods and services via the internet
Bricks and mortar
Bricks and mortar is a business that has a physical store presences
A social enterprises
A social enterprises is a business model that aims to fulfil a community or environmental need by selling goods or services.
A franchise
A franchise is a business model that grants another person the right to operate under their name, use its business systems and sell its goods and services.
An importer
An importer purchases goods and services from overseas and sells them in their home country.
An exporter
An exporter produces goods and services in their home country and sells and sells them to overseas buyers.
