It refers to selling products or service and receive monthly subscription charges.
Step-by-step explanation:
Mostly such businesses retain the customers and give importance to the taste and preference of the customers. It aims ta the single customer paying for a long time for enjoying the uninterrupted service.
Many companies and establishments are aiming at subscription model than the business revenue model wherein the profits are made in a single go. whereas in subscription model, the revenue is recurring. Magazine company is the best example of subscription model where the company issues magazine service to the customers monthly,