Answer:
b. To ensure strict hierarchical control of the organization.
According to the research, crowdsourcing is the open technique that involves generating insights based on ideas from massive numbers of people.
<h3>What is crowdsourcing?</h3>
It refers to a massive collaboration provided by individuals who are not part of an entity or institution.
It is an open modality of joint work of an indefinite number of people, who contribute their ideas for the development of a certain project.
Therefore, we can conclude that according to the research, crowdsourcing is the open technique that involves generating insights based on ideas from massive numbers of people.
Learn more about crowdsourcing here: brainly.com/question/14490967
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Answer:
Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )
Explanation:
The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.
Answer:
Option 1 is correct.
Explanation:
There are two types of externality:
(i) Negative externality
(ii) Positive externality
Negative externality:
Suppose there is an economic transaction initiated between the two partners and this transaction reduces the consumption of third person, then this is known as the negative externality.
For example: Smoking is one of the example of negative externality. Smoking a cigarette is not only present in the consumption bundle of a person who smokes but it also affects the health of the other person who stands near that person. So, it reduces the consumption of non smoker.
