business model
noun/ˈbɪznəs mɒdl/
/ˈbɪznəs mɑːdl/
- a plan for running a business, identifying where the money will come from, who the customers are, how they will be reached, etc.
- Many companies in Asia follow this business model.
- Adopt a new direction by rethinking your business model.
- We're developing a better business model for expanding our fibre optic network.
Want to learn more?
Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app.
Check pronunciation:
business model