QuestionQuestion

Write a proposal for a a new technology, Virtual Reality. Think of an appropriate revenue model and explain how it will generate profits with the main concentration and focus on where the money is going to come from i.e The revenue Model.

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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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