5.1.1_What are Models?

For this activity:

You will need The Internet and to write down your answers in your Mahara e-portfolio.

You have learnt from this theme that a firm’s business model is its plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it generates.

Research Task

Use the Internet to research how many different business models there are. You should have some ideas from the previous exercises but see if you can collate as many as you can.

Once you have the list, you should arrange them thus:

You should make sure that you use at least three sources when checking that a fact is correct. You should try and limit your sources to reputable websites such as news websites or sites that are maintained by well-known and respected organisations.  

 Keep this list of models as it will prove useful for you further studies.