Why Are Consumers Attracted to the Sharing Economy

question 13

Multiple Choice

Why are consumers attracted to the sharing economy?

• A) lower prices
• B) better accessibility
• C) great flexibility
• D) all of the above

Examine the influence of success on executives' attitudes and behaviors.

Assess the significance of feedback accuracy and the conditions that enhance it.

Explore various methods used in managerial skills assessment.

Understand the definition and importance of corporate social responsibility (CSR).

---

Definitions:

Demand Curve

is a graph showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downsloping to indicate that lower prices increase demand.

Competitive Firm

A company that operates in a market with many competitors, facing a highly elastic demand curve for its product because many substitutes are available.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply in the market.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no profit or loss.