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Leona [35]
2 years ago
6

Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt

. This business uses a ________ technique.A. offshoring B. crowdsourcing C. peer-to-peer D. binge watching
Business
1 answer:
natta225 [31]2 years ago
5 0

Answer:

The answer is B: crowdsourcing.

Explanation:

Crowdsourcing involves obtaining work, information, or opinions from a large group of people who submit their data via the Internet, social media, and smartphone apps.

Crowdsourcing allows companies to obtain ideas and work of people anywhere, which lets businesses hit into a vast collection of skills and expertise without incurring the normal overhead costs of in-house employees.

Crowdsourcing presents the following advantages:

- Gain Fresh Perspectives: Imagine a community comprised of hundreds or even thousands of willing participants eager to innovate.

- Connect with Customers: directly involved by asking for customer feedback. Encourage them to share in the creation, and improving products and services a company provides.

- Reduce costs: When funding is a concern finding solutions using a traditional, in-house approach might not be feasible.

- Network to Build an Engaged Community: Contributions by those connected via the Internet are breathing life into projects.

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A buyer failed to take advantage of the vendor's credit terms of 2/10, n/45, but instead paid the invoice in full at the end of
Neko [114]

Answer: 20.86%

Explanation: From the question, the credit term is 2/10, n/45. Which means that the customer gets a 2% discount if payment is made within 10 days. But the customer did not make use of this offer. The equivalent annual Interest lost on the amount of purchases is :

365/ (45-10) * 0.02 = 365/35*2%

= 0.20857 *100= 20.86%

This is calculated using 365 days in a year.

5 0
3 years ago
What are the powers and responsibilities of the top management of a corporation?. A) They manage the day-to-day operations of th
tankabanditka [31]
The power and responsibilities of the top management of a corporation is : A. they manage the day to day operations of the corporation

For example, if you're a Relationship manager, you are obliged to handled all the things related in maintaining good relationship with the customers

hope this helps
8 0
3 years ago
During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends
natima [27]

Date               Account title                      $Debit                  $Credit

Dec 31            Wages Expenses               4800

                       Wages Payable                                              4800

                          (to record accrued wages)

Jan 06             Wages Payable                 4800

                        Cash                                                              4800

                        (to record payment of wages in cash)

An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.

An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.

learn more about the fiscal year here brainly.com/question/15982144

#SPJ4

6 0
1 year ago
What is the bullwhip effect and how does it relate to lack of coordination in a supply chain?
rewona [7]

Answer:

The bullwhip effect happens when retailers or other members of the supply chain overestimate a sudden increase in demand, and this causes a chain reaction in all the other participants of the supply chain that start requesting higher quantities of goods or materials for production. E.g. the fidget spinner was a very popular fad and its producers probably didn't anticipate how large the demand would be. Once the product became extremely popular, everyone wanted to sell fidget spinners. This caused an increase in the order quantities of all the supply chain. Once the fad faded out, all this momentum stopped and many stores, distributors, wholesalers, and even factories were left with huge unsold stocks of fidget spinners.

When the supply chain is well coordinated, there is little chance for some retailers or distributors to over react and want more product just in case. If your supply is guaranteed, then it would take some extraordinary increase in demand to make you want to increase your purchase orders. But if your supply chain is not well coordinated, you might fear that you will lose a lot of sales and other competitors will make them. Then you get anxious and start ordering large quantities.

6 0
3 years ago
Why do consumers and producers conduct marginal analyses?
Vedmedyk [2.9K]
Marginal analysis is to examine the added benefits versus the added cost of an activity. Consumers use marginal analysis unknowingly for their decisions everyday. While producers use marginal analysis as a tool for making a decision that will help them maximize their financial gain.
8 0
3 years ago
Read 2 more answers
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