Question

Which business model is used by some of the software development companies that create apps for smart phones?

Answer 1

Freemium: The freemium business model is a mix of “free” and “premium” offers for consumers. This business model is popular with software development companies that create apps for smart phones. For example, these businesses offer a certain app to users free of cost. However, users can use advanced features of the app only after paying a premium fee.

Step-by-step explanation:

Coyped form the lesson exactly

Answer 2

FREEMIUM

FREEMIUM APPLICATIONS THAT ALLOW MULTIPLE PURCHASES

FREEMIUM APPLICATION ADVERTISING

ASSOCIATE WITH A SPONSOR

VIDEO ADVERTISING

PROMOTIONAL SERVICES

PAID APPLICATIONS

Step-by-step explanation:

FREEMIUM

It is one of the best ways to monetize your application by offering it for free. Users have to buy it at least once to receive all the benefits of the application.

FREEMIUM APPLICATIONS THAT ALLOW MULTIPLE PURCHASES

It is a freemium application that allows users to put more money while using the application.

FREEMIUM APPLICATION ADVERTISING

Advertising is the best idea for any application editor. The application is offered free of charge, if users can support advertisements or simply buy a premium version without having these disturbing ads.

ASSOCIATE WITH A SPONSOR

Now many applications have become partners for a particular sponsor and advertising is diminished.

VIDEO ADVERTISING

A short video can be shown to customers, which is more attractive.

PROMOTIONAL SERVICES

Necessary to be able to earn more money.

PAID APPLICATIONS

It is a business model that has the potential to earn money