Artículo 8.3. PS 1 Paragraph 8.3

An entity could have more than one business model, or various operations within a single business model. Illustration (a) Management might view a vertically integrated entity as having a single business model. If so, management commentary would describe operations within that model and explain dependencies between those operations and synergies gained from integrating them. (b) Management might view a conglomerate as having several business models: the business model of its corporate office—acquiring, maintaining, developing and disposing of business units—and the business models of key business units within the conglomerate. Management commentary for that entity would provide information about each business model.