Companies may generate revenue by giving away part of their product or service.

Name: Companies may generate revenue by giving away part of their product or service.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This model is known as the "freemium" model, where companies offer a basic version of their product or service for free, but charge for premium features, upgrades, or additional content. This has been used by many successful companies, such as Spotify and Dropbox, to attract and retain customers while still generating revenue.

Companies May Generate Revenue by Giving Away Part of Their