commercial models
Commercial models are frameworks that businesses use to generate revenue and deliver value to customers. These models outline how a company plans to make money, whether through selling products, offering services, or a combination of both. For example, a subscription model allows customers to pay a recurring fee for ongoing access to a service, like streaming platforms.
Different industries may adopt various commercial models based on their target market and goals. A freemium model offers basic services for free while charging for premium features, attracting a larger user base. Understanding these models helps businesses strategize and adapt to changing market conditions.