What Is an Advantage of 3D Printing in Crowdsourcing

question 29

Multiple Choice

What is an advantage of 3D printing in crowdsourcing?

• A)It demonstrates the use of the latest in technology.
• B)Companies can become factories.
• C)Companies can turn designs into prototypes.
• D)Small batches of product can be produced through 3D printing.

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Definitions:

Monopolistic Competition

Monopolistic competition is a market structure characterized by many sellers offering differentiated products or services, leading to a competitive environment where companies have some price-making power.

Tracking Device

A tracking device is a technology designed to monitor and report the location or movement of an object, vehicle, or individual, using GPS or other means.

Oligopoly

A market structure characterized by a small number of firms controlling a significant portion of the market share, leading to limited competition.

Product Differentiation

Setting a product or service apart in the marketplace to increase its attractiveness to a specific target group.