financial model¶

economic framework for the agreement between a service provider and a user

Clause: 3.5.8.1

History note: Introduced in ISO/TS 14812:2022

Specializations of financial model¶

Class	Description
commercial	type of financial model where services are provided with a profit motive
cooperative	type of financial model where users partner to defray the costs of services
fractional ownership	cooperative financial model where users partner to support the purchase, maintenance and overhead costs associated with a service
mutual benefit	cooperative financial model where users partner on a per-use basis
private	financial model where services are provided to members of the owning organization without usage fees
public	type of financial model where services are provided by an administrative authority in an attempt to better serve societal interests