Asked by Stephanie Matos on Jul 29, 2024
Verified
Which of the following statements is FALSE about a sharing economy?
A) People offer goods and services on the internet.
B) You need venture capital to access the sharing economy.
C) Preowned items, rides, places to stay, custom products are all commonly found.
D) Businesses designed to harness the sharing economy have a broad impact.
Sharing Economy
An economic model defined by the sharing of assets or services among individuals, usually facilitated by a community-based online platform.
Venture Capital
A form of private equity and financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.
- Know the basics of a sharing economy and collaborative consumption models.
Verified Answer
AZ
Amanda ZeglenAug 03, 2024
Final Answer :
B
Explanation :
Venture capital is not a necessity to access or participate in the sharing economy. Individuals and small businesses can participate by offering goods and services through various platforms without needing significant investment.
Learning Objectives
- Know the basics of a sharing economy and collaborative consumption models.