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Describe the Advantages of Implementing a Freemium Based Pricing Model

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Describe the advantages of implementing a freemium based pricing model and provide an example of a business that may benefit from using this model?


Definitions:

Fungicide

A chemical compound or biological organism used to kill or inhibit the growth of fungi and fungal spores.

Biological Magnification

The increasing concentration of toxic substances within each successive link in the food chain.

Organophosphates

A group of chemical compounds used as insecticides, which can be toxic to animals and humans if exposure occurs.

Chlorinated Hydrocarbons

Organic compounds containing chlorine, often used in industrial applications, but can be environmental pollutants.

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