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Which of the following is not a key element of a business model?

Answer & Solution
Correct Answer: Option D
Universal standards is not a key element of a business model.
8 Key Elements of a business model and types of E commerce Business models are
1) Value Proposition.
2) Revenue Model.
3) Market Opportunity.
4) Competitive Environment.
5) Competitive Advantage.
6) Market Strategy.
7) Organizational Development.
8) Management Team.
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