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Business Models, Groupon & The DRoA Scam (Beware) Episode #58

Business Models, Groupon & The DRoA Scam (Beware) Episode #58

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Ernesto Verdugo.

Business Model? What is a Business Model? The essence of a business model is that it defines the manner by which the business enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit: it thus reflects management’s hypothesis about what customers want, how they want it, and how an enterprise can organize to best meet those needs, get paid for doing so, and make a profit.

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