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A business model comprises a combination of methods of running a business that forms a pattern or a way of doing things.
For example, an internet business model, a high street business model etc
When you choose a particular business model, that means you follow a particular way of doing things.
Understanding the business model being used, as in the question being posed, means that you understand the way the person runs their business.
Hope that helps.
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Business in Barnet
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What is he baseing his plan off of? There are suggested ways of doing things, and the asker wants to know if the plan came from one of these areas.
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