What Is the Primary Source of Revenue for Skype, a Company

question 84

Multiple Choice

What is the primary source of revenue for Skype, a company that offers free online video and phone service?

• A)the money they charge for a connection
• B)the money they charge for Skypeout, the service that calls land lines and cell phones
• C)the long-distance fees
• D)the monthly subscription fee

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Definitions:

DVDs

Digital Versatile Discs, a type of optical storage media used for storing data, including video and audio, now overshadowed by digital streaming services.

Quantity Demanded

Quantity demanded refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level, within a specified period.

Demand for Cheerios

The consumer desire and willingness to purchase Cheerios, a popular brand of breakfast cereal, at various price points.

Elastic than Demand

Refers to a situation where the quantity demanded of a good is more sensitive to changes in price, indicating a high price elasticity of demand.