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History for Business Model (history as of 07/24/2014 08:59:55)

The business model started back to the first days which businesses were established and portrays the way an organization earns money. The business model could be simple or very complex, depending on the size of the business. The simplest model involves creating a product and selling it directly to a buyer. In addition, a business model would contain a purpose, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.

  

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