Airbnb,a Room-Sharing Site,offers More Rooms Than Marriott

question 67

Multiple Choice

Airbnb,a room-sharing site,offers more rooms than Marriott.Goldman Sachs suggests that the supply of new rooms over the next two years will outpace the previous five even though the growth of American occupancy rates has begun to slow.Which competitive force is involved in this situation?

• A) the threat of favorable government policies
• B) the threat of new buyers
• C) the threat of new entrants
• D) the threat of proprietary products

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Definitions:

Labor Movement

A collective organization of working people who unite to make decisions or negotiate on matters concerning their employment conditions, including wages, hours, benefits, and working environments.

Wage Slavery

A critical term describing a situation where a person's livelihood depends on wages, especially in a context where the wages are low, and working conditions are poor.

Abolitionists

Individuals who advocated for the ending of slavery and campaigned for emancipation in the United States before and during the Civil War.

American Temperance Society

A societal organization founded in 1826 with the goal of promoting abstinence from alcohol, it played a crucial role in the early temperance movement in the United States.