Exam 10: The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

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_______ mayor has voiced support for Uber, seeing it as a safe and popular service among citizens and city visitors.

Free

(Short Answer)

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Question 1

Correct Answer:

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Boston's

Given examples of firms in the sharing economy that focus on the following categories: goods, transportation, and capital provision. List markets challenged in each of these areas.

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(Essay)

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Question 2

Correct Answer:

Verified

Firms providing physical goods include: Zilok (disrupting firms that sell tools and other products Zilok offers for rent), RentTheRunway (disrupting any firm that sells fashions), and Chegg (disrupting textbook sales). Transportation services are provided by Uber and Lyft (disrupting taxi firms), and car rental is provided by ZipCar and Turo (which may make it less necessary to own a car).

GM has invested half a billion dollars in Uber-competitor ______.

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(Short Answer)

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Question 3

Correct Answer:

Verified

Lyft .

Uber's commitment to data allow the firm to: a. cut prices b. attract new drivers c. grow and expand the firm d. all of the above e. none of the above

(Short Answer)

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Question 4

Social media profiles can also be used to fight online fraud.

(True/False)

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Question 5

Which of the following is not an example of larger, conventional firms working with sharing economy startups?

(Multiple Choice)

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Question 6

While some fear Airbnb is taking jobs away from hotel chains, the firm is also creating jobs and driving demand for a whole array of platform-enhancing services, including photographers, key-exchange coordinators, in-home chefs, house cleaners, and ride-sharing services.

(True/False)

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Question 7

Payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers.

(True/False)

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Question 8

Entrepreneurs are scrappy in their quest to gather market intelligence and understand how customers respond to their offerings. How did Airbnb's CEO gather additional intelligence on how the firm was being used?

(Multiple Choice)

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Question 9

While unions and hotel chains might not like Airbnb and feel threatened by its offerings, Airbnb is legal in nearly every market worldwide since private citizens are fully empowered to rent property that they own.

(True/False)

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(39)

Question 10

Citizen suppliers in the sharing economy may find their _______ costs increase due to increased product use and an increase in perceived risk over time.

(Short Answer)

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Question 11

has invested $300 million in ride-sharing firm Gett

(Short Answer)

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(35)

Question 12

How does Airbnb improve customer and renter trust while reducing risks that its platform will be used for illegal purposes?

(Essay)

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(42)

Question 13

Uber claims the firm's growth is minting over 500 new jobs a month.

(True/False)

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(31)

Question 14

Prof. Juliet Schor says that businesses considered to be part of the _________________ can involve the recirculation of goods, increased utilization of durable assets, exchange of services, or the sharing of productive assets

(Short Answer)

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(39)

Question 15

General Motors/OnStar successfully partnered with car-sharing service RelayRides (now called Turo).

(True/False)

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(35)

Question 16

Surge pricing allows Uber to increase the supply of drivers when demand is high.

(True/False)

4.9/5

(27)

Question 17

An Uber-commissioned study claims the firm's impact on the US economy tops $____________ a year.

(Multiple Choice)

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Question 18

What is the difference between collaborative consumption firms Zilok and Chegg.

(Multiple Choice)

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Question 19

Which of the following is not true regarding the competitive dynamics of most sharing economy marketplaces?

(Multiple Choice)

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Question 20

Showing 1 - 20 of 43

_______ mayor has voiced support for Uber, seeing it as a safe and popular service among citizens and city visitors.

Given examples of firms in the sharing economy that focus on the following categories: goods, transportation, and capital provision. List markets challenged in each of these areas.

GM has invested half a billion dollars in Uber-competitor ______.

Uber's commitment to data allow the firm to: a. cut prices b. attract new drivers c. grow and expand the firm d. all of the above e. none of the above

Social media profiles can also be used to fight online fraud.

Which of the following is not an example of larger, conventional firms working with sharing economy startups?

While some fear Airbnb is taking jobs away from hotel chains, the firm is also creating jobs and driving demand for a whole array of platform-enhancing services, including photographers, key-exchange coordinators, in-home chefs, house cleaners, and ride-sharing services.

Payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers.

Entrepreneurs are scrappy in their quest to gather market intelligence and understand how customers respond to their offerings. How did Airbnb's CEO gather additional intelligence on how the firm was being used?

While unions and hotel chains might not like Airbnb and feel threatened by its offerings, Airbnb is legal in nearly every market worldwide since private citizens are fully empowered to rent property that they own.

Citizen suppliers in the sharing economy may find their _______ costs increase due to increased product use and an increase in perceived risk over time.

has invested $300 million in ride-sharing firm Gett

How does Airbnb improve customer and renter trust while reducing risks that its platform will be used for illegal purposes?

Uber claims the firm's growth is minting over 500 new jobs a month.

Prof. Juliet Schor says that businesses considered to be part of the _________________ can involve the recirculation of goods, increased utilization of durable assets, exchange of services, or the sharing of productive assets

General Motors/OnStar successfully partnered with car-sharing service RelayRides (now called Turo).

Surge pricing allows Uber to increase the supply of drivers when demand is high.

An Uber-commissioned study claims the firm's impact on the US economy tops $____________ a year.

What is the difference between collaborative consumption firms Zilok and Chegg.

Which of the following is not true regarding the competitive dynamics of most sharing economy marketplaces?

Setting the Stage: Technology and the Modern Enterprise

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

Zara: Fast Fashion From Savvy Systems

Netflix in Two Acts: the Making of an E-Commerce Giant and the Uncertain Future of Atoms to Bits

Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

Social Media, Peer Production, and Web 20

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and an Alphabet of Opportunity

Filters

Exam 10: The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

_______ mayor has voiced support for Uber, seeing it as a safe and popular service among citizens and city visitors.

Given examples of firms in the sharing economy that focus on the following categories: goods, transportation, and capital provision. List markets challenged in each of these areas.

GM has invested half a billion dollars in Uber-competitor ______.

Uber's commitment to data allow the firm to: a. cut prices b. attract new drivers c. grow and expand the firm d. all of the above e. none of the above

Social media profiles can also be used to fight online fraud.

Which of the following is *not* an example of larger, conventional firms working with sharing economy startups?

While some fear Airbnb is taking jobs away from hotel chains, the firm is also creating jobs and driving demand for a whole array of platform-enhancing services, including photographers, key-exchange coordinators, in-home chefs, house cleaners, and ride-sharing services.

Payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers.

Entrepreneurs are scrappy in their quest to gather market intelligence and understand how customers respond to their offerings. How did Airbnb's CEO gather additional intelligence on how the firm was being used?

While unions and hotel chains might not like Airbnb and feel threatened by its offerings, Airbnb is legal in nearly every market worldwide since private citizens are fully empowered to rent property that they own.

Citizen suppliers in the sharing economy may find their _______ costs increase due to increased product use and an increase in perceived risk over time.

has invested $300 million in ride-sharing firm Gett

How does Airbnb improve customer and renter trust while reducing risks that its platform will be used for illegal purposes?

Uber claims the firm's growth is minting over 500 new jobs a month.

Prof. Juliet Schor says that businesses considered to be part of the _________________ can involve the recirculation of goods, increased utilization of durable assets, exchange of services, or the sharing of productive assets

General Motors/OnStar successfully partnered with car-sharing service RelayRides (now called Turo).

Surge pricing allows Uber to increase the supply of drivers when demand is high.

An Uber-commissioned study claims the firm's impact on the US economy tops $____________ a year.

What is the difference between collaborative consumption firms Zilok and Chegg.

Which of the following is *not* true regarding the competitive dynamics of most sharing economy marketplaces?

Setting the Stage: Technology and the Modern Enterprise

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

Zara: Fast Fashion From Savvy Systems

Netflix in Two Acts: the Making of an E-Commerce Giant and the Uncertain Future of Atoms to Bits

Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

Social Media, Peer Production, and Web 20

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and an Alphabet of Opportunity

Filters

Which of the following is not an example of larger, conventional firms working with sharing economy startups?

Which of the following is not true regarding the competitive dynamics of most sharing economy marketplaces?