Demonstrate understanding of business models used in various business organizations.
Identify basic business concepts.
Identify the main forms of business organizations.
Prompt: Business Models provide a framework for how to make or how to sell. Watch the video and answer the questions below.
The Explainer: What is a Business Model? https://www.youtube.com/watch?v=_C-vGu2mL38
Conduct a little research on business models. Provide an example of how the industry assigned to you uses either the product &/or marketing business model.
The industry assigned to me: Consumer Apparel
