________ is a new business strategy of offering a basic version of a product free of charge and then charging for upgraded versions of the product.
A) Prestige pricing
B) Freemium
C) Price segmentation
D) Reverse marketing
E) Dynamic marketing

Question

Quizplus · Accepted Answer

Freemium is a business model that offers a basic version of a product or service for free while charging for premium or advanced versions. This approach allows customers to test the product or service before deciding to upgrade to a paid version. The term "freemium" combines the words "free" and "premium".

________ Is a New Business Strategy of Offering a Basic