Question

The ________ revenue model offers users a basic service for free

Answer 1

The FREEMIUM revenue model offers users a basic service for free

Step-by-step explanation:

The freemium revenue model can be divided into two main groups:

1. the first type of freemium revenue model is used by companies that offer a basic and limited service for free, but then if you want to upgrade you have to pay either a monthly fee or a time upgrade fee, e.g. Google and YTube offer the basic account for free but it also offer a premium account that charges a monthly fee.
2. the other type of freemium revenue model is the one used by FB, etc. where the service is always free, but the company uses your data to sell advertising to other companies.

Answer 2

Freemium

Step-by-step explanation:

The freemium model combines free and premium models together, in that basic services are offered to consumers for free,whereas premium rated services are offered at a charge.

For instance if buying a CFA textbook online is free, but the a large practice question bank has to be purchased because the questions when answered require score feedback from tutors,hence this is a typical example of freemium strategy.