DECA+ Business Management and Administration Practice Exam 2026 – All-in-One Guide to Guaranteed Success!

Question: 1 / 400

What does a business model define?

The way a company finances its operations

The organizational structure of a business

The way a company creates, delivers, and captures value

A business model is fundamental to understanding how a company operates and succeeds in its market. It encapsulates the strategy a business employs to create, deliver, and capture value for its customers and stakeholders. This involves defining the products or services offered, identifying the target market, and outlining the competitive advantage that sets the company apart from its competitors.

By focusing on value creation, a business model not only describes the company's revenue streams and cost structure but also illustrates how the business interacts with customers and the overall market ecosystem. It captures the essence of the business's operations and strategic direction, making it a crucial component for assessing viability and long-term success.

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The employee benefits a company offers

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