Question

In a recent article on innovative business models, the Financial Times discussed the opportunity of â...

In a recent article on innovative business models, the Financial Times discussed the opportunity of â rent-Ã -porter.â In particular, the article discussed Panoply, a French startup that through its website, and for a monthly fee allows its customers to dress with the latest fashion collections, straight from the runway. Despite having access to limited information on the overall business, which is in your opinion the most likely revenue model of Panoply?

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Answer #1

According to me subscription is the best revenue model of panoply as the monthly.The subscription fee is not refundable in any case.It is prepaid or postpaid according to the terms and conditions.Payments are charged on a from the day you begin using the services.It can be monthly or a yearly subscription based on the user'choice.

In addition to this, the auto renewal process allows to renew the subscription until to ask panoply to cancel your subscription.

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