The difference between a company's strategy and a company's business model is that
a. strategy relates broadly to a company's competitive moves and business approaches while its business model relates to whether the revenues flowing from the strategy are sufficient to cover costs and realize a profit.
b. the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.
c. a company's strategy is management's game plan for realizing the strategic vision, whereas a company's business model is the game plan for accomplishing its corporate responsibility goals.

The correct answer is letter "A":  strategy relates broadly to a company's competitive moves and business approaches while its business model relates to whether the revenues flowing from the strategy are sufficient to cover costs and realize a profit.

Explanation:

A business model is the master plan a company follows to handle its businesses. Different types of approaches are described within the business model which represents all the available paths firms have to reach their ultimate objective: generating revenue. Business models consider the resources the organization has available to accomplish such an objective.

Within the business model, we can find strategies that, as said before, represent the approaches used by companies to help firms reach their objectives in the long term.

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