Craft your business model to make the most profit This solution will look at the concept of profit a

Craft your business model to make the most profit

This solution will look at the concept of profit and com/business”>business model strategy using simple terms, and a business example with 4 different scenarios The solution will walk the student through a sole proprietorship that develops into a corporation and starts to grow its business Different factors will be reviewed, such as variable costs (material inputs) and fixed costs, as well as com/economics/production”>production targets, strategy, and diversification of the product’s customer base The solution intends to show the student how a business owner has to seriously consider its cost and revenue strategy to determine the daily profit and the yearly profit and verify whether the business model works for the business