Question

This revenue model provides professional services on a time and materials contract. a. utility and usage revenue model b. franchising revenue model c. contractor revenue model d. professional revenue mode

Answer 1

Answer:

a. utility and usage revenue model

Explanation:

Answer 2

Answer:

d. professional revenue model

Explanation:

Revenue consists of the total amount of money received by a company for goods sold or the service provided during a certain period of time. There fore, revenue models are part of business models.

A professional revenue model is the framework an organization or a company used in generating revenue. Professional revenue model identifies the revenue source a company will pursue, what value to offer,how to price of the value, and who pays for the value. It simply identifies which product or service to be created in order to generate revenues and the mamer and ways that the product or service will be sold.

In time and materials contract(T&M), parties agrees to unit rates that have been predetermined by both parties in advance. It presupposes billing a client for an actual work scope based on agreement for a particular time especially based on hourly rates of labor. Customers are charged for the amount of hours spent on a specific project, plus on the costs of materials.

So the professional revenue model provides professional services on a time and materials contract .