<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> A business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts . The process of business model construction is part of business strategy . </P> <P> 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, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture . </P>

A business model describes the rationale of how an organization creates