What revenue model provides professional services on a time and materials contract?
A)data revenue model
B)utility and usage revenue model
C)professional revenue model
D)franchising revenue model

Question

Quizplus · Accepted Answer

The professional revenue model provides professional services on a time and materials contract. This model is used by companies that provide services such as consulting, legal services, accounting, and engineering. The revenue is driven by the amount of time spent on a project and the materials used. This model is suitable for businesses that cannot accurately predict the amount of time and resources required for a project, and allows them to bill based on actual work done. The other options listed (A, B, and D) do not specifically relate to providing professional services on a time and materials contract.

What Revenue Model Provides Professional Services on a Time and Materials