a key component of a business model that identifies how the business will earn income and generate profits
What is Revenue Model?
a type of model that involves charging customers to gain continuous acess to product or service
What is a Subscription Revenue Model?
a type of free model that involves giving a product or service to one party for free, but charging the other party or parties
What is a multiparty market?
a method whereby a business offers a product or service at a lower price to try and attract customers.
What is Loss leader?
describes how a venture will create, deliver, and capture value
What is Business Model?
the amount of revenue generated by the number of items (units) sold.
What is Unit sales revenue model?
a-pay-as-you-go model that
What is a Utility and Usage Model?
pricing a product or service above its market value to pay for the loss of giving away a product or service.
What is Direct cross-subsidies?
involves calculating all the costs involved in manufacturing or delivering the product/service.
What is Cost-led pricing?
the people who organize transactions between buyers and sellers
What is Brokers?
a type of revenue model whereby franchises are sol by an exsting bussiness to allow another party to trade under the name of that business
What is a Franchising Revenue Model?
professional services on a time and materials contract.
What is Professional Revenue model?
a method used to encourage customers to buy on the basis of their beliefs.
What is psychological pricing?
a pricing method that the price of the investment you have put into your business.
What is Target-return pricing?
the income gained from sales of goods and services.
What is Advertising revenue model?
a way of earning revenue by giving permission to other parties to use protected intellectual property (trademarks) in exchange for fees.
What is Licensing Revenue Model?
the amount of revenue gained through advertising products and services
What is Advertising revenue model?
when prices are guided by other businesses selling similar products and services
What is Competition-led pricing?
a pricing method that involves pricing a product based on how it benefits
What is Value-based pricing?
revenue by selling high quality, exclusive valuable information to other parties
What is Data revenue model?
different methods by which third parties such as brokers can generate model
Whar is Intermediation revenue model?
The amount of revenue gained by mixing free basic services with premium or upgraded services
What is a Freemium?
when you ask customers how much they are willing to pay
What is a Customer-led pricing?
a pricing method to encourage people to try a new product by offering it for free or at a heavily discounted price
What is a Introductory offer?