Summary
Many companies are moving toward business models based on subscriptions. This shift means that customers regularly pay a fee to use services or products instead of buying them outright.
Key Facts
- Companies now prefer subscription models over one-time purchases.
- A subscription model involves regular payments for ongoing access to services or products.
- This approach can provide companies with steady income.
- It can make it easier for customers to afford services over time.
- Many industries, including software, entertainment, and food, use subscription models.
