Business Models
This business model involves offering a product or service for free, while charging for premium features
What is the Freemium Model?
This function of business involves planning, organizing, leading, and controlling resources to achieve organizational goals.
What is Management?
This economic concept refers to the limited nature of societies resources.
What is Scarcity?
This primary function of management involves setting objectives and determining a course of action to achieve those objectives.
What is Planning?
The selling of products directly to consumers online.
What is D2C?
This function of business is responsible for acquiring, developing, and retaining the workforce necessary for the organization's success.
What is Human Resources?
This economic concept describes the increase in the general price of goods and services over time.
What is Inflation?
This function focuses on motivating and leading employees to achieve organizational goals.
What is Leading?
This model involves creating platform where two or more user groups interact and benefit from each other, with the platform owner earning revenue through fees or commissions.
What is the Marketplace Model?
This function involves the activities associated with buying, selling, and exchanging goods and services to satisfy customer needs.
What is Marketing?
This concept refers to the cost of the next best option that is foregone when a decision is made.
What is Opportunity Cost?
This function involves arranging resources and tasks to achieve the organization's objectives.
What is Organizing?
This model centers around licensing a product or service to other companies or individuals, allowing them to operate under the original brand name.
What is the Franchise Model?
This function focuses on the financial activities of and organization, including budgeting, accounting, and investment management.
What is Finance?
This economic concept describes a market structure where a single firm controls the entire market supply of a good or service.
What is a Monopoly?
This management deals with recruiting, hiring, training, and developing employees to ensure the organization has a skilled and capable workforce.
What is Staffing?