This is an example of crowdsourcing because it significantly lowers the cost of design and construction by utilizing the collective wisdom of the crowd.
<h3><u>Crowdsourcing: What is it?</u></h3>
Engaging a "crowd" or group for a common objective—often innovation, problem-solving, or efficiency—is known as crowdsourcing. Web 2.0, social media, and new technologies power it. Crowdsourcing can occur on a variety of scales and in a wide range of industries.
Our increased connectivity has made it simpler than ever for people to come together and support a project or cause, whether it be with ideas, time, expertise, or money.
Crowdsourcing is the collective mobilization in question. It is a method of using people or groups of people, paid or unpaid, who are connected with one another through a shared interest to advance powerful increased results through their aggregated actions or activities.
Learn more about crowdsourcing with the help of the given link:
brainly.com/question/9452858
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Answer:
A. Quick Change's profit will increase while Fast Change's profit will fall.
Explanation:
Initially, both Quick Change and Fast Change have 4700 customers and the revenue per customer is $15. The total revenue for both businesses is,
The salary expense of Quick change is fixed at 47000. Thus, Quick Change's profit, initially, is:
The Salary expense of Fast Change is variable as it is calculated on the number of customers served at $10 per customer. So, Fast Change's initial profit is,
- 70500 - (10 * 4700) = 23500
When the number of customers change and Quick change gains 1000 more customers and reduced its price to 13, the new revenue and profit for Quick change will be,
- Revenue = 13 * 5700 = 74100
- The salaries expense is fixed so it will stay 47000
- Profit = 74100 - 47000 = 27100
- Thus the profit of Quick Change will increase to 27100 from 23500.
The new revenue and profit of Fast Change will be,
- Revenue = 15 * 3700 = 55500
- The new salary expense will be = 10 * 3700 = 37000
- The new profit will be = 55500 - 37000 = 18500
So Quick Change's profit has increased while Fast Change's profit has fallen.
Answer: i think D
WHY?
A minority shareholder is any shareholder that does not exercise control over a corporation. By definition, minority shareholders own less than 50% of the company's outstanding shares. ... Their minority shareholder rights are determined by the law of the state where the company was incorporated.
Explanation:
Your answer would be, If there is a price increase for a good; <u>People might buy a LESS EXPENSIVE substitute good.</u>
<u>(Substitution Effects) =====> Example =====></u> If the Price of Coffee goes up, Then people will substitute for Tea, Because it is less cheaper. (If that makes sense.).
Hope that helps!!!!! -P- : )