Answer the following three questions from the end of the chapters assigned for reading. Your responses must be submitted in an APA-formatted Microsoft Word document with a cover page and references page. Each response should be well-developed and in essay format (introduction, body, format). You need to clearly cite your sources within your responses. Wherever possible, include illustrative examples taken from your own professional experience. Again, these are not supposed to be succinct responses that simply present what is included in the readings. Make sure that proper grammar and spelling are practiced.
1. What is a business model? How does it differ from a business plan?
2. How do venture capitalists differ from angel investors?
3. Why is a Web site so costly to maintain? Discuss the main factors that impact cost.
5. Define CTR, CPM, CPC, CPA, and VTR.
Week 7 E-Commerce Name Institution Week 7 E-Commerce A business model refers to the tool through which a firm is able to generate or make a profit. The business model falls within a business plan describing how a firm has positioned itself in the value chain within the industry. In this way, it classifies the firm’s relationship with its suppliers, customers, and shareholders in a bid to generate profits. On its part, a business plan describes a document that projects the firm’s strategy, as well as the expected financial performance for the coming years. The business plan shows exactly how the firm is going to make the profits described in the business model over a period of time (Milady, 2014, p. 74). Angel investors refers to individuals, mostly prosperous business people who put their persona