Rent the Runway and Chegg Have Chosen to Purchase Their

question 22

Essay

Rent the Runway and Chegg have chosen to purchase their own inventory for rental to customers, rather than relying on inventory provided by participating citizens suppliers. This incurs an additional cost on these firms. Why would they opt to use this model if startup costs are going to be more expensive?

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Definitions:

Diverse Workforce

A composition of employees with varying characteristics including, but not limited to, racial, ethnic, gender, age, and cultural differences.

Modern Workplace

A contemporary office or business environment that leverages technology and flexible policies to enhance productivity and employee satisfaction.

Work Sharing

The distribution of tasks among team members or departments to increase efficiency or manage workloads more effectively.

Retain Trained Workers

The strategies and practices employed by organizations to keep skilled employees from leaving the company.