Shark Fin Golf Club requires its members to pay a quarterly or an annual fee to use its services.Irrespective of whether they frequently use the services during the payment period or not, membershave to pay in advance. Which of the following business models does this best illustrate?
a. razor-razor-blade
b. pay-as-you-go
c. subscription-based
d. freemium
Subscription is a business model which requires users of a product or services, to pay a recurring fee at regularly interval. It might be weekly, monthly, quarterly or yearly.
