Question

The first part of the business model is ______, which identifies the product or service, the value generated by it, and how you will reach the customers.

Answer 1

Customer Value Proposition is the first part of the business model. It speaks to the product service and the value derived from it that will be provided to customers by the business.

What is Customer Value Proposition?

This refers to the promise of existing or potential value that a business gives to its existing or prospective customers.

Usually, is stated as a solution that the business will make available to help solve a customer's problems.

An example would be:

• Uber - The Smartest Way to Get Around
• Slack - Be More Productive at Work with Less Effort.

See the link below for more about the Customer Value Proposition:

brainly.com/question/7594107