Use of Concept: product business model
Description
Specification of the model under which the product will be deployed to deliver value (often financial) for an organizationExamples:
- Implementation of trade-in or buyback programs [23, 24]
- Product rental or leasing programs [25]
- Reconsidering design and manufacturing decisions by making service use more intensive (e.g., through sharing) [22]
Owning Diagram: A0: Produce in a circular economy
ICOM Details:
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Output on Activity
A1 Design Product
.
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Control on Activity
A4 Use and Consume
.
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Control on Activity
A5 Treat at End of Life
.
Disclaimer: Certain commercial equipment, instruments, or materials are identified in this documentation to foster understanding. Such identification does not imply recommendation or endorsement by the National Institute of Standards and Technology, nor does it imply that the materials or equipment identified are necessarily the best available for the purpose.