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What is the difference between a business model and a revenue model?
A business model describes how a company creates, delivers, and captures value. It includes the overall strategy of the company, the target market, the value proposition, and the resources required to deliver that value.
On the other hand, a revenue model describes how a company generates revenue and makes money. It is a specific part of the business model that outlines the different ways a company can generate revenue, such as through product sales, subscriptions, advertising, or licensing fees.
In summary, a business model is a broader framework that outlines the overall strategy of the company, while a revenue model is a specific part of that framework that outlines how the company generates revenue.
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