These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.1 KEY FACTS ABOUT NEW PRODUCT
- A new product is a virtual reality headset.
- Product provides virtual reality for the wearer.
- It should be manufactured in large quantity.
- A suitable revenue model is proposed for the new product.
2 REVENUE MODEL
A revenue model describes how one business generates revenue from its products and services, and it represents one of the crucial components of the business model. Proposed product is related to the currently fast growing IT industry and before commercialization, it is very important to have clearly defined revenue model before proceed to the commercialization of the idea.
Proposed product should be sold to both end...
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