1. 8 Key element of business model Mohamad Zarif bin Abdul Rahman 2013344363 Muhamad Haziq bin Hamzah 2013731023

2. Value proposition Company’s product or service fulfills The need of customers. Its include personalization and customization of product offerings, reduction of product cost, reduction of price discovery cost, and facilitation of transaction by managing product delivery. Revenue model Describe how the firm will earn revenue, produce profit and produce superior return on investment capital. 5 type of revenue model :  Advertising revenue model  Subscription revenue model  Transaction fee revenue model  Sales revenue model  Affiliate revenue model -

3. Market opportunity Company’s intended marketspace and the overall potential financial opportunities available to the firm in that market space. Marketspace is the area of actual or potential commercial value in which a company intended to operate. Competitive environment Its refer to other companies selling similar product and services in the same marketspace. Company also need to compete with the subtitute product and potential new entrance to the market, as well the power of customer and suppliers over your business.

4. Competitive advantage Achieved by a firm when it can produce superior product and bring the product to market at the lower price. Some firm can develop global market, while other firm can only develop a national or regional market. Competitive advantage strategies : Market strategy The plan you put together that details exactly how you intend to enter a new market and attract new customer. AsymmertyUnfair competitive advantage First mover advantagePerfect market Complimentary resourceLaverage

5. Organizational development Plan describe how the company will organize the work that needs to be accomplish. It divided into functional department such as production, shipping, marketing, customer support and finance. Management team Employees of the company responsible for making the business model work.