Asked by Sabrina Laricy on Apr 24, 2024
Verified
All of these are basic Internet business models except
A) commission-based.
B) fee-for-service-based.
C) mark-up-based.
D) advertising-based.
E) word-of-mouth-based.
Word-Of-Mouth-Based
Refers to marketing and promotion strategies that rely on existing customers' recommendations to friends, family, and colleagues as the primary means of spreading information about a product or service.
- Detail the assortment of Internet enterprise models and their impact on strategy formulation.
Verified Answer
SP
Shilvi PatelApr 30, 2024
Final Answer :
E
Explanation :
All of the other options listed (commission-based, fee-for-service-based, mark-up-based, and advertising-based) are basic Internet business models. Word-of-mouth-based is not a traditional Internet business model, although it can certainly be a factor in the success of online businesses.
Learning Objectives
- Detail the assortment of Internet enterprise models and their impact on strategy formulation.
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