I pick up from where I left off in the previous video. Another business practice that many companies are adopting from software firms is Software as a Service (SaaS). This model, which involves leasing products or services rather than outright ownership, is growing in popularity across various industries, not just software. To clarify a point from the end of the video: While McDonald's is famous for selling burgers, the highest profit margin items for most restaurants are actually beverages, not food. So, although McDonald's is not primarily known for its sodas, these drinks are among the highest margin products for the company.
Saurabh Pawar
5mo
Great point! It's fascinating to see how traditional product-centric companies are increasingly generating substantial revenue through service-based models. 🙌 Ashley Lobo
Interesting info Ashley ..