Question
In her business model, Lacey has outlined how her carpet craft company makes their product from recyclable fibers into customized creations only limited by the imagination of her customers. What element of Lacey’s business model does this describe?
(1 point)
Responses
value proposition
value proposition
channels
channels
customer relationships
customer relationships
key partnerships
(1 point)
Responses
value proposition
value proposition
channels
channels
customer relationships
customer relationships
key partnerships
Answers
GPT-4o mini
The element of Lacey’s business model that is described by how her carpet craft company makes their product from recyclable fibers into customized creations is the **value proposition**. This refers to the unique value that her business offers to customers, highlighting the use of recyclable materials and customized designs.