Explain any five revenue models that organisations could employ to build revenue online Tom and Mary have been running their bakery T & M Bakery successfully in Rosebank for the last20 years and had stable growth year on year. However the past 2 years have not been easy as thebakery recorded a loss for the very first time last year and is set to meet a similar fate by end ofthis financial year as well. Both business owners can only attribute the loss to low sales volumesthey have been experiencing, as both walk in and call in customer numbers have drasticallydecreased since June last year. Tom who is responsible for marketing knows that the market haschanged and knows that their current marketing techniques (flyers, pamphlets and localnewspaper ads) are not reaching the right audience and need to explore other avenues. Theyhave thus hired you as their Digital Marketing Manager to help take their bakery online and helpthem increase both online and offline sales within the next 12 months.

An online revenue model: An online revenue model explains the purpose of monetization practiced for…

Answered: Explain any five revenue models that…

Business

Management

Explain any five revenue models that organisations could employ to build revenue online

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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