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Leona [35]
3 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]3 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.

You might be interested in
A hardware store makes a profit of $30,000 during its first year. The store owner sets a goal of increasing profits by $4000 eac
MrMuchimi

Answer:

$294,000

Explanation:

Data provided in the question:

Profit during the first year = $30,000

Increase in profit each year = $4,000

Now,

Profit for the current year = Profit for the previous year + $4,000

Therefore,

Year                 Current year profit

1                           $30,000

2                           $34,000                   [$30,000 + $4.000]

3                           $38,000                   [$34,000 + $4.000]

4                           $42,000                   [$38,000 + $4.000]

5                           $46,000                   [$42,000 + $4.000]

6                           $50,000                   [$46,000 + $4.000]

7                           $54,000                   [$50,000 + $4.000]

Hence,

The total profit during the first 7 years of business = ∑ (Current year profit)

= $30,000 + $34,000 + $38,000 + $42,000 + $46,000 + $50,000 + $54,000

= $294,000

4 0
3 years ago
Which of the following would NOT increase the supply of money in a fiat money economy?
vfiekz [6]

Answer:

The correct answer is option c.

Explanation:

Fiat money refers to the currency which is not backed by any physical assets such as gold or silver. Its value is derived from its demand and supply rather than through the value of commodity it is backed by.  

Since the currency is not backed by gold, it will not be affected by the discovery of gold. Had it been backed by gold, the money supply would have increased.  

Purchasing treasury securities, decreasing the required reserve ratio, decreasing the discount rate will all increase the reserves with the commercial This will lead to an increase in money supply through increased lending.

Since water is an abundant commodity, linking the value of money to water will increase money supply.

4 0
3 years ago
Read 2 more answers
What is the biggest thing you learned about agriculture this year?
maw [93]

Answer:

i learnt that its one of the best things to earn money

6 0
3 years ago
Nicoula is a server at a La Jolla restaurant. Nicoula received $1,200 in unreported tips during 2016 and owes Social
lubasha [3.4K]

Answer:

Yes. Nicoula is required to pay tax including the tips

Explanation:

Since Nicoula received $1,200 in unreported tips during 2016 and owes Social  Security and Medicare taxes on these tips. Her total income for the year, including the tips, is $4,300.

Nicoula is required  to pay an income tax return for 2016 because Tips are considered to be part of employee wages and or salaries, hence employers are required by law to withhold and pay to the IRS payroll taxes on the tips employees report to them each month.

It is mandatory to report on the tax return, the amount of any Social Security and Medicare taxes Nicoula has failed to pay on her 'tip income'.

5 0
4 years ago
What is the most important difference between a corporation and all other organizational​ forms?
babunello [35]

Answer:

Separate legal entity and taxation process

Explanation:

In a corporation, unlike in other forms of business, the owners and business are treated separately under the law. This principle is referred to as separate legal entity concept.

So for any contracts or deals entered into by a corporation, the owners cannot be held personally liable or asked to make good the losses incurred due to entering into those contracts unless of course if owners acted with mala fide intentions to earn personal profits. In short, owners personal assets cannot be taken away.

Secondly, the taxation slab applicable to corporations is also different in the sense corporations pay taxes on dividend paid. Secondly, when such dividend forms part of the revenue of shareholders, tax is again paid on that dividend income, this time by the shareholder. So in a way, shareholders get taxed twice, since in the first case, the company paying dividend recovers the tax on dividend paid from shareholders. This is referred to double taxation.

4 0
3 years ago
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