Review for Final Exam

What term relates to a conceptual structure that illustrates how a firm produces money?

• Cost Model

• Interest Model

• Revenue Model

• Business Model

Which revenue model involves selling the rights to use a product or service?

• Licensing Model

• Subscription Model

• Freemium Model

• Pay-per-Use Model

Which revenue model involves the sale of physical goods through online platforms, reducing real estate costs?

• Selling digital products

• Service sold per unit

• Sale of services for future use

• Selling physical goods

What types of goods are commonly traded in the retail world, including high-street stores and malls?

• Digital goods

• Physical goods

• Prepaid services

• Fixed price services

In the digital marketplace, what is a characteristic of services with a fixed price?

• They involve work-hour billing.

• Each small service is priced at a variable rate.

• Services have a predetermined fixed amount.

• Services are sold for future use.

Which revenue model is applicable to lawyers, accountants, consultants, and website developers, considering the work-hour applied?

• Sale of services for future use

• Selling physical goods

• A service sold per unit

• Selling digital products

What is an example of a revenue model where services are sold for future use?

• Selling physical goods

• Service with fixed price

• Sale of services for future use

• Selling digital products

Which companies commonly use the subscription revenue model?

• Meralco and Maynilad

• Netflix and Spotify

• Converge and LivePlan

• Manila Waters and YouTube

What is the primary characteristic of the usage fees revenue model?

• Periodic rental payments for physical assets.

• Charges are based on the consumption of services, such as electricity or water.

• Recurrent fees for a specified service over a longer period.

• Charging a fixed annual fee for a predetermined service.

What makes up the total revenue in the context of revenue streams?

• Various channels used by the entrepreneur.

• Different locations where the entrepreneur operates.

• Different sources of income within the business, such as coffee sales, cake and pastry sales, and lunch sales.

• The number of employees working for the entrepreneur.