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KiRa [710]
3 years ago
8

Before beginning this exercise, you will need to read the Airbnb case. You will also need to review concepts in Chapter 1. The f

ollowing questions will be covered in this exercise: How would you illustrate and compare the business models for Airbnb, large hotels chains such as Marriott and Hilton, and bed & breakfast operators? Use the example chart in the textbook for business models as a guide (Concepts & Connections 1.1). What are the general strengths and weaknesses of large hotel chains such as Marriott and Hilton, bed & breakfasts, and Airbnb? Explain how you would compare and contrast those businesses. In what ways has the lodging consumer changed, and how does Airbnb’s customer value proposition meet this change? What key factors may determine the success or failure of Airbnb? What recommendations would you make to Airbnb to improve its competitiveness in the accommodation market while mitigating any current and future
Business
1 answer:
jasenka [17]3 years ago
6 0

Answer:  

Airbnb doesn't claim any rooms itself anyway it offers a mechanical stage for posting and dealings with local homes.  

Huge Hotels  

Obliging visitors in single or numerous rooms with additional pleasantries like spa offices and fine taking care of.  

Properties offering tremendous perspectives, reinforcing a building as a result of the excursion goal.  

Bed and Breakfast  

They're close to nothing, normally any place proprietor administrators offered a couple of rooms inside their own habitation to oblige visitor. Offering bed and breakfast with pleasant pull in and feeling for the visitors' expertise._ a few square measure in rustic regions, or with recorded foundation.  

Airbnb, mammoth lodgings like Marriott and Hilton and bed and breakfast contradict inside and target customer. Airbnb associates hosts and explorers and encourages the technique for leasing without owning any rooms itself; though goliath inns and bed and breakfast were dependent upon town, state, and government rules  

Answer 2:  

Enormous inns  

Quality  

Put vigorously in additional luxuries they vied for all sections in voyagers: on premise spa offices and fine taking care of.  

Moreover give dynamite sees, supporting a building as a result of the get-away goal.  

Quicker access to the roadways and parkways  

Shortcoming  

Higher worth - Tax and guideline customer inclination is moving from concentrating on possession to sharing/leasing to abstain from squandering their cash: "Goldman Sachs study indicated that once someone utilized Airbnb, their inclination for customary convenience was significantly decreased"  

Quaint little inns  

Quality  

Give an extra altered, calmer environment Rural area (as an upper hand since colossal building could esteem restrictive)  

Will cut a huge amount exertion or leasing a property to be utilized for business  

Shortcoming  

A confined assortment of rooms = constrained measure of deals  

Absence of administrations, breakfast decisions are frequently mounted or confined  

Airbnb  

Quality  

Customer inclination is moving from that spend significant time possessing sharing/leasing.  

Strong and huge inns are utilizing Airbnb's foundation  

Shortcoming  

Doesn't have protection to cover paying visitors  

Relies vigorously upon the standard that the hosts convey  

Answer 3:  

Rather than that have some expertise under lock and key like inside the old economy, customers gave the impression to lean toward sharing or exchange from extravagance watches to wear, vehicles, houses, living arrangements and afterward on. Not owning-resources gave the impression to air the expansion. They have to want a network and a more inside and out relationship with the host and there to be support for this affirmation.  

Answer 4:  

Key factors that affirm the accomplishment of the Airbnb zone unit their plan of action that upheld trust, believability, and straightforwardness towards visitors and local hosts.  

By the start, Airbnb has been working during a house unremarkable allude due to the "sharing economy". Airbnb gives stage any place administrations territory unit offered, and requests region unit met through a companion surveyed advanced commercial center. By contributing the ever-present utilization of cell phones and hence the mainland decline in innovation esteem, Airbnb gave a stage to individuals UN office in a split second offer an assortment of assets. The individual will just registration through the stage and offer the support. The business is developing at a considerable rate together with partner degree 850 million cash implantation in 2016 that raised its measurable valuation to thirty billion.  

Answer 5:  

I will see a splendid route forward for Airbnb by being one of the pioneers inside the sharing economy. Hosts, visitors, and Airbnb themselves all will enjoy the Airbnb stage. Anyway disdain what goes close to this opportunity, they're despite everything confronting shifted current issues and future dangers:  

Customer Services: hosts and visitors region unit having one issue: trust. In spite of the way that Airbnb has given a scoring framework to each host and visitors, notwithstanding, these surveys might be problematic because of visitors may audit for themselves and opponent conjointly, accordingly, it may affect the host's name. Predictable with prof Dolnicar at UQ graduate school, "this framework rewards reasonable host and reasonable visitor conduct and rebuffs risky host and hazardous visitor conduct. Once more, this can be profoundly totally not quite the same as anything inside the old settlement advertise.  

Unwaveringness Program: Airbnb exclusively charges any low managing expense as a result of the administration among hosts and estimate for each reserving, be that as it may, Airbnb doesn't give advancement to steadfast hosts and visitors.

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Using the same brand name for different products is an application of which concept from behavioral learning theory?.
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<h3>What is Stimulus generalization?</h3>

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The use of the same brand name for a different product depicts the concept of the theory which is referred to as stimulus generalization.

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Would Davidson Masonry automatically be taxed as a partnership or a corporation? Is Davidson Masonry member managed or manager m
vichka [17]

Answer: The answers are provided below.

Explanation:

In Papagos Arizona, a deteriorating bridge on a prominent public roadway needed a repair. The city posted notices seeking proposals for an artistic bridge design and reconstruction. Davidson Masonry, LLC owned and managed by Carl Davidson and his wife - Marilyn Rowe, decided to submit a bid for a decorative concrete project that incorporated artistic metalwork. They contacted Shana Lafayette, a local sculptor who specialized in large-scale metal forms, to help them design the bridge. The city selected their bridge design and awarded them the contract for a commission of $184,000. Davidson Masonry and Lafayette then entered into an agreement to work together on the bridge project. Davidson Masonry agreed to install and pay for concrete and structural work, and Lafayette agreed to install the metalwork at her expense. They agreed that overall profits would be split, with 25 percent going to Lafayette and 75 percent going to Davidson Masonry. Lafayette designed numerous metal sculptures of salmon that were incorporated into colorful decorative concrete forms designed by Rowe, while Davidson performed the structural engineering. The group worked together successfully until the project was completed. Using the information presented in the chapter, answer the above question.

1. Would Davidson Masonry automatically be taxed as a partnership or a corporation?

2. Is Davidson Masonry member managed or manager managed?

3. When Davidson Masonry and Lafayette entered an agreement to work together, what kind of special business form was created? Explain.

4. Suppose that during construction, Lafayette had entered into an agreement to rent space in a warehouse that was close to the bridge so that she could work on her sculptures near the site where they would eventually be installed. She entered into the contract without the knowledge or consent of Davidson Masonry. In this situation, would a court be likely to hold that Davidson Masonry was bound by the contract that Lafayette entered? Why or why not?

1. A limited liability company will be taxed as a partnership unless the firm declares that it wants to be taxed as a corporation. A limited liability company that has at least two members can either choose to be taxed as a partnership or as a corporation.

In this case, the parties involved haven't declared to be taxed as a corporation, therefore they'll be taxed as a partnership.

2. Most states assume that a limited liability company is manager managed unless when it's otherwise stated by the articles of the organization. However, in this case, the text said that Davidson Masonry, was owned and managed by both members and since all the members of the LLC participates in management, then Davidson Masonry was member managed.

3. The kind of special business formed is a joint venture. Masonry and Lafayette then entered into an agreement to work together on the bridge project. Davidson Masonry agreed to install and pay for concrete and structural work, and Lafayette agreed to install the metalwork at her expense. They agreed to share the profit by ratio of 75% to 25%.

Joint Venture is a kind of business that is formed when two businesses combine their resources together and meet their different skill set in order to achieve a common business objective.

4. Joint venture possesses less power to bind members underlying the venture when compared to partnership. In this scenario, Lafayette had entered into an agreement to rent space without the knowledge or the consent of Davidson Masonry.

Based on this, Davidson Masonry is bound on the contract that Lafayette enters based on the principles of joint venture as both the members will be held liable for the agreement concerning the warehouse space.

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Four percent of the customers of a mortgage company default on their payments. a sample of five customers is selected. what is t
Maurinko [17]
We can use the formula for binomial distribution in calculating for the probability that exactly two customers out five will default on their payments.

The formula is:   P(r) = nCr*q^(n-r)*p^r   
Where:
n = sample size, 5
r = successes, 2
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r = success rate, 4% = 0.04  

Substituting on the formula:
P = 5C2*0.96^3*0.04^2 
<span>P = 0.0142 or 1.42%</span>
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