After completing the Business Components from Tables wizard, the model project in the Application Navigator should look like this:
The navigator displays the business components that you created in this series of steps: entity objects, view objects, associations, view links, and application modules. To display the business components sorted by type, select Sort By Type in the Navigator Display Options menu.
Your wizard selections produced these business domain components that represent features of the datasource:
It produced these data model components that collect data and present it to the client model: