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

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

___________ refers to the technology used to integrate Uber with other services, including OpenTable, GoogleMaps, and Spotify.

Uber's CEO views itself as software platform for shipping and logistics.

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

Uber prices services according to demand. This allows the company to increase rates during peak periods in order to attract more potential suppliers into the market to meet demand.

Highly _______ markets are especially ripe for rollup in electronic marketplaces

The sharing economy standouts differ from earlier efforts in that their efficiency is enhanced through streamlined coordination and broader reach by leveraging the ________________.

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

General Motors backed Lyft with more than half a billion dollars.

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment.

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

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

Which of the following statements is true about Airbnb's revenue model?

Describe how Uber is a "big data" firm and how data gives the firm advantages over traditional and new rivals.

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

Another major concern for firms in the sharing economy is uncertainty around the ability of these firms to continue to consider their workers as ____________ and not employees. a. investors b. critics c. independent contractors d. liabilities e. none of the above

In what ways is Uber superior to conventional cab service, both for drivers and for customers?

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

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

Firms in the so-called "sharing economy" fuel more efficient matching of ___________ and __________, lower costs, enable more efficient resource use, and provide a level of reach and services heretofore unavailable