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Homesense has always followed a lower price business model. They sell items that are not quite good enough for higher-end stores, at a lower cost to the consumer.

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12y ago

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The business model that a company follows is generally spelled out in the following?

Business plan - apex :)


What spells out the business model that a company follows?

A company's business model is defined by several key components, including its value proposition, target market, revenue streams, and cost structure. It outlines how the business creates, delivers, and captures value, detailing the products or services offered and how they meet customer needs. Additionally, the model encompasses the company's operational processes and competitive strategies. Overall, it serves as a blueprint for how the company intends to achieve profitability and growth.


Which best describes what a franchise does?

A franchise ensures wide distribution of a franchisor's trademark, business model, and goods. A franchise protects a franchisor against companies imitating its trademark, business model, and goods. A franchise stops franchisees from using a company's trademark, business model, and goods. A franchise limits the use of a franchisor's trademark, business model, and goods.


What is the concept of a franchise company?

The concept of a franchise company is the idea of taking an already successful business model, and applying it in a variety of locations. An example of a successful franchise company would be McDonald's.


What is a business model?

Business ModelHere is a great definition from InvestorWords: Business Model: A description of the operations of a business including the components of the business, the functions of the business, and the revenues and expenses that the business generates.Business model also depicts the logic of the firm and how it intends to provide and capture value from it's customers.