concept of business_model.

May 29th, 2015
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Alcorn State University
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Mission Statement of the product With provide our customer with a tempting and exquisite taste as Enticing Treats means a mouth watering treat which is simply irresistible.

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BUSINESS MODELA Business Model describes the rationale of how an organization creates, delivers, and captures value- economic, social, or other forms of value. The process of business model design is part of business strategy.In theory and practice the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies. Hence, it gives a complete picture of an organization from high-level perspective.Whenever a business is established, it either explicitly or implicitly employs a particular business model that describes the design or architecture of the value creation, delivery, and capture mechanisms employed by the business enterprise. The essence of a business model is that it defines the manner by which the business enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit: it thus reflects managements hypothesis about what customers want, how they want it, and how an enterprise can organize to best meet those needs, get paid for doing so, and make a profit.Business models are used to describe and classify businesses (especially in an entrepreneurial setting), but they are also used by managers inside companies to explore possibilities for future devel

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