business model

• business model - describes the factors of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts
• Value chain - a method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service.
• supply chain - is a structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer.
• Supplier - plays a vital role. They are your business partners, without them your business will not live.
• Product - is the physical output of the whole production process.
• Prototype - is created before the massive production of such product; A prototype is a duplication of a product as it will be produced, which may contain such details as color, graphics, packaging and directions.