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What are the core elements of the business model?
The core elements of the business model are as follows:

1. value proposition: the value that a company can provide to consumers through its products and services. The value proposition confirms the practical significance of the company to consumers.

2. Target customer group: the consumer group targeted by the company. These groups have certain characteristics, so that the company can create value (for these * * *). The process of defining consumer groups is also called market segmentation.

3. Distribution channels: namely, various channels used by companies to reach consumers. This paper expounds how the company develops the market. It involves the company's marketing and distribution strategy.

4. Customer relationship: the relationship between the company and its consumer groups. What we call customer relationship management is related to this.

5. Value allocation: the allocation of resources and activities.

6. Core competitiveness: that is, the core competence and qualification that a company needs to realize its business model.

7. Partner network: a cooperative network formed between a company and other companies to effectively provide value and realize its commercialization. This also describes the scope of the company's business alliance.

8. Cost structure: monetary description of tools and methods used.

9. Income model: the way companies create wealth through various income streams.