Question

Cloudlink is a file hosting service that allows users to store up to 5GB of data with no restrictions or charges. However, users have to pay a fee for advanced features on the cloud storage system and additional storage space. Which of the following business models does this best illustrate?1. pay-as-you-go2. subscription-based3. freemium4. razor-razor-blade5. freemium

Answer 1

Answer:

3. freemium

Explanation:

Based on the scenario being described within the question it can be said that the business model that is best being illustrated is known as the freemium model. This is a pricing strategy in which a product or service is provided free of charge, but does not include certain advanced features or services which can be purchased separately for money.