All of the Following Are Business Models Employed by the Music

question 22

Multiple Choice

All of the following are business models employed by the music industry except:

• A) subscription.
• B) peer-to-peer streaming.
• C) download-and-own.
• D) cloud streaming.

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Definitions:

Total Revenue

The complete amount of income generated by a business from the sale of its products or services, serving as a critical factor in assessing company performance.

Profit-Maximizing Price

The price at which a firm can sell its product to achieve the highest possible profit, considering its cost of production and the market demand.

Restaurant Market

The sector of the economy that deals with the demand and supply of food services offered in settings like cafes, diners, and upscale eateries.

Profit-Maximizing Price

Profit-Maximizing Price is the optimal selling price for a product or service at which a company can achieve the maximum possible profit, balancing between higher prices and the volume of sales.