1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semmy [17]
3 years ago
5

Around the world, consumers are showing a robust appetite for the sharing-based economy. The presence of a few dominant companie

s in an industry makes it more difficult for entrepreneurs to start a business in that sector. Most Americans use their mobile devices for getting directions or listening to music rather than making purchases. Global trade has helped lift hundreds of millions of Chinese out of poverty. The United States was the most competitive economy in 2017.
Business
1 answer:
Crazy boy [7]3 years ago
8 0

Answer:

In recent decades the use of modern technologies such as the internet has changed the way it is consumed. Buy second-hand clothes, lend your own home, access entertainment content, obtain financing, share a meal, etc. This is collaborative economy or collaborative consumption

Explanation:

This collaborative economy is currently growing between 15% and 17% per year. For example, Uber, the digital application that connects passengers with drivers, in just five years is already worth approximately 68 billion dollars and operates in almost 132 countries. However, the success of this collaborative economy model poses a challenge to traditional companies. For example, in Europe, Uber has collided head-on against the taxi union, which accuses them of unfair competition.

You might be interested in
You are relatively new to the company and have been asked to chair the next senior management meeting.
Licemer1 [7]
Firstly, the purpose of the meeting has to be known. As the person who is going to chair the meeting, the knowledge about the purpose of the meeting is essential. Then, it should also be known whether:
1.the meeting is formal or informal,
2.who will be attending the meeting,
3.what agendas should be distributed and how
4.who will set up and organise the venue (the chairperson often does not do this)
5.what information you need to provide for them and
6.who speakers or presenters for the meeting are
7. who should be asked to take minutes and how you will distribute whether there are any legal requirements to consider
4 0
3 years ago
Service providers should refrain from asking feedback from customers to save time that can be used to provide better service qua
Gemiola [76]

Answer:

B. False

Explanation:

The target of service provision are the customers. So service providers must ensure that their targets are obtaining maximum satisfaction from the quality of service they provide and one way of doing this is by asking feedback from customers

8 0
3 years ago
Read 2 more answers
Last year Lowell Inc. had a total assets turnover of 1.40 and an equity multiplier of 1.75. Its sales were $295,000 and its net
katrin [286]

Answer:

ROE would have changed by 8.52%

Explanation:

First we calculate the current ROE using Dupont Equation which gives ROE as,

ROE = Net Income/Sales * Sales/Total Assets * Total Assets/Equity

or

ROE = Net Profit Margin * Total Assets Turnover * Equity Multiplier

  • Current ROE = 10600/295000 * 1.4 * 1.75 = 0.0880 or 8.8%

The condition says that the net income could have increased to 20850 but other factors will remain constant. Thus, to calculate new ROE, we will calculate the new Net Profit margin but the total assets turnover and the equity multiplier will remain constant as sales assets and capital structure is not changing.

  • New ROE = 20850/295000 * 1.4 * 1.75 = 0.17316 or 17.32%
  • The ROE would have changed by 17.32 - 8.80 = 8.52%
7 0
3 years ago
Suppose we are looking at a cash flow statement constructed using the INDIRECT method. We see a NEGATIVE adjustment of $5000 rel
ozzi

Answer:

It implies that the firm paid $5,000 to its supplier this accounting period (e.g. year) out of the amount the firm is owing the supplier.

Note: The correct answer is as stated above it is not included in the option. Kindly confirm the options again from your teacher.

Explanation:

Accounts payable refers to the amount of money a firm is owing its suppliers.

Account payable is one of the component of the current liabilities in the balance sheet, and non-cash current liability item that is adjusted for in the cash flow statement to arrive at net cash from operating activities when an indirect method is being used.

Since accounts payable is the amount of money a firm is owing its suppliers, a negative  a NEGATIVE adjustment to its implies that company has paid its supplier the negative amount in the accounting period.

Therefore, a NEGATIVE adjustment of $5000 related to Accounts Payable implies that the firm paid $5,000 to its supplier this accounting period (e.g. year) out of the amount the firm is owing the supplier.

7 0
3 years ago
Discuss the advantages and disadvantages of owning versus renting a home.
emmasim [6.3K]
Advantages and disadvantages ofrenting vs. owning a home.Advantages: One variable that may be an advantage when renting is leasing flexibility. ... Rent can be significantly less than a mortgage because renter's insurance is cheaper than homeowner's insurance and there is no property tax. Got this of Google hope this helps
5 0
3 years ago
Other questions:
  • Employees working in the petroleum industry in Alaska might be receiving higher wages based on the fact that their careers requi
    9·2 answers
  • The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $485,00
    6·1 answer
  • What does Market Power mean?
    12·1 answer
  • What are the disadvantages of journal entry​
    12·1 answer
  • A great demand for a product equals _____.
    12·1 answer
  • Rainey Company's true cash balance at October 31 is $4,700. The following information is available for the bank reconciliation:
    11·1 answer
  • First Fiddler's Bank has foreclosed on a home mortgage and is selling the house at auction. There are three bidders for the hous
    7·1 answer
  • Define nomal goods examples​
    9·1 answer
  • Which strategic is phase consists of a concise statement that captures what the planning team believes should be the role of is
    9·1 answer
  • The experience of the great recession showed that when the economy is in a recession, from a keynesian perspective, the governme
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!