Asked by Jacob Delgado on May 04, 2024
Verified
What revenue model charges customers fees based on how often goods or services are used?
A) data revenue model
B) utility and usage revenue model
C) professional revenue model
D) franchising revenue model
Utility And Usage Revenue Model
A business model where customers pay based on their usage of a service or product, emphasizing the utility value derived from using the product.
Fees
Charges imposed by service providers on consumers for the services offered.
- Comprehend the diverse revenue models and their relevance to varying business contexts.
Verified Answer
EE
Emiliano Elizondo
May 05, 2024
Final Answer :
B
Explanation :
The utility and usage revenue model charges customers fees based on how often goods or services are used. This model is often used by companies that provide a service or utility, such as cable or internet providers, who charge customers based on the amount of data they use.
Learning Objectives
- Comprehend the diverse revenue models and their relevance to varying business contexts.
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