What are the components of a business model? Why is it important to revisit a company’s business model on a regular basis? What are other actions that need to be taken when refining a business model?

Discussion 1: What are the components of a business model? Why is it important to revisit a company’s business model on a regular basis? What are other actions that need to be taken when refining a business model?
Discussion 2: Select a product that is new to the market. What specific reasons would you indicate to say that it will be a hit? What specific reasons would you indicate to say that it would be a miss?

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