GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A monthly fee is paid in order to use the service.
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Consumers are asked to donate what they can to use the service.
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Consumers can use the basics for free.
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You get all of the features for free.
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Detailed explanation-1: -It allows users to utilize basic features of a software, game, or service for free, then charges for “upgrades” to the basic package. It is a popular tactic for companies just starting out as they try to lure users to their software or service.
Detailed explanation-2: -What is freemium pricing? Freemium pricing is a pricing strategy where a business offers a version of its product or service with limited features for free while selling one or more premium versions of that same offering-with more robust suites of features-for a price.
Detailed explanation-3: -Freemium strategy is a SaaS marketing and sales tactic which uses a free version of a product to promote a premium version. The free version may limit elements of the premium version by placing restrictions on features, the number of users, frequency of usage or other items.