QUESTION 1 An internet-based business operates primarily on the web. An internetbased business is a company whose business model allows for the sale of physical or digital products and services online or in person, or the provision of information while earning revenue from other businesses. White nearly all businesses today use the internet as a form for branding, sales, or advertising, internetbased businesses would typically be the combination of all three, and these businesses operate mostly online. Online businesses have permanently transformed the way companies engage in commerce. Compared to Bricknandmortar stores, Internet based businesses have reduced start-up costs. Despite this, most people pass up this excellent opportunity simply because they don't know where to start. There are many other types of business models that overlap with the internet model. Illustrate FIVE (5] distinguishable internet-based business models and how they generate income. {Total: 2!} Marks]