What are the main types of business models?

There are several main types of business models that companies can adopt, each designed to suit different industries and goals. The first type is the product-based model, where companies focus on creating and selling physical products to customers. Another key model is the service-based model, where companies offer specialized services or expertise to clients. The subscription-based model is gaining popularity, where customers pay a recurring fee for access to a product or service. Additionally, there is the platform model, where companies facilitate interactions between buyers and sellers. Lastly, the advertising-based model relies on generating revenue through advertising on a company's platform or website. The choice of business model depends on the company's target market, value proposition, and revenue generation strategies.
This mind map was published on 10 November 2023 and has been viewed 96 times.

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