Prepare a business model canvas for a startup which sells furniture using an AR based application...

Prepare a business model canvas for a startup which sells furniture using an AR based application (it projects the furniture)

You can assume anything if you feel the info is not sufficient.

please explain it clearly

Expert Solution

Every company needs to be able to clearly and concisely outline their business model. A business model canvas is a method for determining a company’s business model in a visual way. The business model canvas framework contains nine sections.

1. Key Partners - Who are our key partners, suppliers, investors?

2. Key Activities - most important things company must do to make its business model work

3. Key Resources - What financial, human, physical, intellectyal resources do we need?

4. Value Proposition - what problem we solve ? what value we deliver ?

5. Customer Segments - who is our product for ? most important customers ?

6. Customer Relationships -How company is going to provide that key support and build an ongoing relationship with them?

7. Channels - How a company is going to reach with customers ?

8. Cost Structure - what is fixed,variable cost ?

9. Revenue Streams -how do you generate cash from each customer segment ?

This is Business canvas model for startup which sells furniture based on above building blocks :

Rahul Sunny answered 1 year ago

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Prepare a business model canvas for a startup which sells furniture using an AR based application...

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