Joe Owns a Construction Company and Prices His Services Based

question 15

Multiple Choice

Joe owns a construction company and prices his services based on labor hours and the cost of material.Which of the following revenue models is Joe using?

• A)contractor revenue model
• B)utility and usage revenue model
• C)professional revenue model
• D)franchising revenue model

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Definitions:

Opinion

An individual's belief or judgment about something, not necessarily based on fact or knowledge.

Reciprocal Influences

A concept indicating that two or more factors affect each other mutually, shaping outcomes or behaviors in a bidirectional manner.

Incremental Models

Theoretical models in which change is considered steady and specific to particular behaviors or mental activities, rather than being marked by major, sweeping reorganizations that affect many behaviors at once, as in stage theories.

External Environment

Refers to all external factors—including social, economic, natural, and political—that affect an individual's or organization's actions and decisions.