Local Motors Uses Crowdsourcing in a Unique Way

question 13

Multiple Choice

Local Motors uses crowdsourcing in a unique way.How do they use it?

• A)to obtain customer lists
• B)to obtain ideas for their new sports cars from their community of hobbyists, designers, and engineers
• C)to obtain ideas for their new sports cars from the general public
• D)to obtain users for pilot testing

Identify the role of status symbols and strategies of brand interaction among different social classes.

Explore social class differentiation within and across cultures.

Examine the relationship between social class components and consumer choices.

Understand the modern manifestations of traditional social practices and how they relate to social class.

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Definitions:

Allowances

Reductions or adjustments to the carrying amount of assets or the amount of a liability, often related to accounts receivable or inventory to reflect possible uncollectibility or diminution in value.

Deposits in Transit

Deposits in Transit are amounts that have been received and recorded by a business but not yet reflected in its bank statement.

Bank Statement

A summary of financial transactions that have occurred over a period of time in an account held by a person or business with a financial institution.

Cash Account

A financial account that tracks the flow of cash transactions, including receipts and payments, within a company.