Threadless Is an Online Apparel Store

question 7

Multiple Choice

Threadless is an online apparel store.Its business model is quite different from most other apparel stores.Threadless leverages Web 2.0 capabilities by using crowdsourcing.How does this benefit Threadless in their T-shirt design process?

• A) Only professional designs are considered.
• B) It both lowers the cost and ensures the popularity of selected designs.
• C) The quality of the submissions is high.
• D) It streamlines the production process.

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Definitions:

Drudgery

Tedious, dull, or hard work that is often demeaning and exhausting.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Input Prices

The cost of resources used in the production of goods or services, such as raw materials, labor, and overhead.

Production Function

A mathematical representation showing the relationship between input factors of production and the output of goods or services.