Tujia Uses a ________ Business Model in _______

question 14

Multiple Choice

Tujia uses a ________ business model in _______.

• A) Collaborative consumption; China
• B) Collaborative consumption; India
• C) Platform; China
• D) Platform; India

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Definitions:

Technically Feasible

Refers to a project or proposal that is possible and practical to achieve with the current level of technology.

Least Cost

A principle or strategy focused on achieving a particular objective at the minimum possible cost.

Short Run

A period in economics where at least one factor of production is fixed, and firms can only partially adjust to changes in market demand.

Input

Resources such as labor, materials, and capital used in the production of goods and services.