Which of the following best describes what a business model is?

A business model is a plan that describes how a business intends to make money by providing value to its customers or clients. It defines the value proposition, the target market, the revenue streams, and the cost structure of the business. According to Investopedia 1, a business model is “a company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses