Utility Model
Content
Definition
A Utility Model is a business model that focuses on providing a utility-like service, where customers pay for the service or product as they use it.
Usage and Context
A utility model business model provides a service where customers pay based on usage, like utility services.
Frequently asked questions
- What is the utility model of a business model? The utility model of a business model involves providing services on a pay-per-use basis, allowing customers to pay only for what they use.
- What is the meaning of utility model? A utility model is a type of intellectual property protection for less significant, short-term inventions.
- What are the examples of utility model? Examples of utility models include small technological improvements or innovations like a new type of hinge or a modified tool design.
Benefits
A utility model delivers services based on usage, offering flexible pricing options for customers.
Conclusion
A utility model offers services based on usage, allowing for flexible pricing options.
