Which part of a business model canvas details how a company earns revenue?

Master the WGU ITEC2113 D336 Business of IT exam. Use flashcards and multiple-choice questions with detailed explanations. Prepare effectively and pass with ease!

The part of a business model canvas that details how a company earns revenue is known as revenue streams. This component focuses specifically on the various ways that a business generates income, including pricing strategies, sales channels, and anticipated revenue from different products or services. It delineates the sources of revenue and can encompass multiple streams such as direct sales, subscription fees, licensing, and any additional financial elements that contribute to overall profitability. Understanding revenue streams is crucial for evaluating the financial viability of a business model and ensuring sustainable economic growth.

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