Your Textbook Describes a Number of E-Business Models

question 96

True/False

Your textbook describes a number of e-business models. A subscription model is one where users are charged a periodic
e.g. monthly or annual) fee to use a service provided by the business.

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Definitions:

Profit Center

A separate business unit or department within an organization that is responsible for generating its own revenue and profits.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in a net income or loss.

Controllable Expenses

Costs that can be influenced by the decisions of a manager.

Profit Center Management

The administration of a segment of a business that is directly responsible for its own revenue and expenses, aiming to maximize profits.