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Normally the Business Model is considered as Pricing Model for the Products and Services.
Business model is the way an organization creates, delivers and captures value.
“The logic of the firm ,the way it operates and how it creates value for its stakeholder”(Casadesus-
Massanell & Ricart 2009)
A Business Model is a conceptual model of the business. It describes the organization and financial
architecture of the business (Teece,2010)
It is a story that explains why and how a business works (Margetta 2002)
A Business Model describes the rationale of how a business creates ,delivers and capture value
(Osler welder and pignern 2010 )