Subscription business model
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century. It is particularly common now for digital products, which lend themselves more naturally toward a subscription model.
Read Full WikiDEFINITIONS
- nounAccess to a resource for a period of time, generally for payment.
- nounThe formal acceptance of something, especially when verified with a signature.
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