Define business model and discuss why a business model is important.

Ensure your response is between 100 – 200 words in each questions.

Each answer should clearly address the question and provide a detailed discussion.

The definitions and examples should be sourced from the material that I provide it, while the discussion should come from your thoughts.

1- Please define strategy and discuss why strategy is important.

2- Please define business model and discuss why a business model is important.

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