Creating Prosumers Is the Idea of Allowing Consumers to Work

question 71

Multiple Choice

Creating prosumers is the idea of allowing consumers to work for you,which forms a hybrid between consumer and producer.Which of the following companies exploits prosumers in their business model?

• A) eBay
• B) Amazon
• C) General Electric
• D) Threadless

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Definitions:

Unfunded Liability

Obligations or debts for which sufficient funds have not been set aside, particularly relevant in the context of pensions and benefits.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Monetary Policy

Economic policies and decisions made by a country's central bank or monetary authority to control the money supply and interest rates to achieve macroeconomic objectives like controlling inflation.

Interest Rates

The cost of borrowing money or the return on invested funds, typically expressed as a percentage of the principal.