Which of the Following Statements About Thumbtack Is NOT True

question 8

Multiple Choice

Which of the following statements about Thumbtack is NOT true?

• A) Thumbtack did not cold call any suppliers or customers to build their database.
• B) Thumbtack bought targeted Web ads on Google, Facebook, and Bing to attract professionals to sign up.
• C) Its initiative to use a pay-per-lead business model was unsuccessful.
• D) Its use of the subscription model led to customers being spammed.

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Definitions:

Long-run Equilibrium

A state in which all the factors of production and market forces are balanced, allowing for consistent economic conditions over time.

Perfectly Competitive Market

A theoretical market structure characterized by an infinite number of small firms, identical products, and no barriers to entry or exit.

Vendors Sell

The act of offering goods or services to buyers in exchange for money or other forms of payment.

Long-run Equilibrium

A state in which all factors of production can vary, and economic agents have fully adjusted to any changes, leaving no incentive for further adjustments.