Which of the Following Best Describes the "Gig Economy

question 5

Multiple Choice

Which of the following best describes the "gig economy"?

• A)The outsourcing of manufacturing stages of production
• B)The part of the economy that has grown in recent years in which work is task-focused and performed by independent contractors.
• C)The increasing frequency of employees working remotely.
• D)The internet's effect on the economy.

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Definitions:

Business Model Canvas

A strategic management template for developing new or documenting existing business models, outlining nine key components of a business.

Multisided Market

A platform or market that facilitates interactions between two or more distinct but interdependent groups of customers.

Shopping Center

A complex or area that houses multiple retail stores, services, and often includes food establishments, designed for consumers to shop at multiple locations in one vicinity.

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, in economic, social, cultural, or other contexts.