A Defining Characteristic of the Pay-As-You-Go Business Model Is That

question 93

Multiple Choice

A defining characteristic of the pay-as-you-go business model is that the

• A) users pay for only the services they consume.
• B) users pay for access to a product or service whether they use it during the payment term or not.
• C) initial product is often sold at a loss in order to drive demand for complementary goods.
• D) the basic features of a service are provided free of charge, but the user must pay for premium services.

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Definitions:

Fishing Lure

An object used in fishing to attract and catch fish, often designed to mimic the appearance or movement of prey.

Legal Protection

Measures and laws in place to safeguard rights, liberties, and properties of individuals or entities.

Patent

A legal document granted by the government giving an inventor exclusive rights to make, use, and sell an invention for a certain number of years.

Unique-action Lure

A strategy or feature specifically designed to stand out from competitors and attract consumers’ attention.