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Copy - Copy - Class 21: Introduction V3

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Created on October 16, 2024

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Transcript

Quick Explainer

Examine Revenue Models

Overview
Glossary of Terms

Introduction

UNDERSTAND Revenue Models

01

03

02

revenue model

customer acquistion

price Estimates

GLOSSARY OF TERMS

05

04

06

unit economics

pricing strategy

profit margin

06

What is Profit Margin? The percentage difference between the cost of producing or offering a product or service and the revenue generated from selling it.

What is Unit Economics? Unit economics is financial analysis of the costs and revenues associated with producing and selling a single unit of a product or service.

Who are Price Estimates? Price estimates refer to the calculated or anticipated cost that a product or service will be offered to customers.

What is Customer Acquistion? Customer acquisition is the process of attracting and gaining new customers for a business. It typically involves marketing, sales, and promotional efforts.

What is Pricing Strategy? Pricing Strategy is an approach or method used to set and adjust prices for products or services, taking into account factors such as market demand, competition, and value perception.

What is Revenue Model? A framework or strategy that outlines how a business generates income, including the sources and methods of monetization.