Manufacturing and the Sharing Economy Quiz

<p>Technological leadership and expertise in identifying suitable intervention contexts (C)</p> Signup and view all the answers

<p>Connecting large communities of buyers and sellers (B)</p> Signup and view all the answers

<p>The exchange of non-owned goods or services through information technology (C)</p> Signup and view all the answers

<p>Uber and Airbnb (B)</p> Signup and view all the answers

<p>The shift from ownership to access (B)</p> Signup and view all the answers

<p>Profit-seeking companies and unfair competition. (B), Lack of community building and job insecurity. (C)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>It is focused solely on community building. (D)</p> Signup and view all the answers

<p>Customers pay based on usage metrics. (A)</p> Signup and view all the answers

<p>Customers have exclusive access rights. (D)</p> Signup and view all the answers

<p>Leasing provides access for a short period of time, less than 30 days. (E)</p> Signup and view all the answers

<p>Guaranteed unlimited access to a service (C)</p> Signup and view all the answers

<p>Greater flexibility (B)</p> Signup and view all the answers

<p>A clean and snow-free street (C)</p> Signup and view all the answers

<p>Meeting the needs of environmentally conscious consumers (B)</p> Signup and view all the answers

<p>Allowing customers to purchase lighting without owning the system (C)</p> Signup and view all the answers

<p>Increasing natural resource reduction (D)</p> Signup and view all the answers

<p>Refill (B)</p> Signup and view all the answers

<p>It enables customers to extend the life of the product by replacing broken parts. (C)</p> Signup and view all the answers

<p>Markets characterized by saturated demand and replacement needs (C)</p> Signup and view all the answers

<p>Downloading new features or software updates (C)</p> Signup and view all the answers

<p>Generating revenue through the longevity and durability of products. (B)</p> Signup and view all the answers

<p>Market Research (D)</p> Signup and view all the answers

<p>Generates revenue through ongoing updates and additional services. (D)</p> Signup and view all the answers

<p>Customers who are price-sensitive and looking for 'like-new' products. (B)</p> Signup and view all the answers

<p>ReCommerce (D)</p> Signup and view all the answers

<p>Alternative revenue models can be implemented for products built to last, maximizing their lifespan and generating revenue from their continued use. (A)</p> Signup and view all the answers

<p>It reduces the need for new resources and manufacturing. (A)</p> Signup and view all the answers

<p>It provides them with access to a growing secondary market and expands their product offerings. (A)</p> Signup and view all the answers

Entities that connect manufacturers with final consumers, facilitating product distribution.

Specialized businesses that provide maintenance and direct services related to manufactured products.

Organizations that use business strategies to improve social and environmental conditions.

Production and distribution systems that minimize distance between producer and consumer.

Strategies and techniques to manage interactions with customers to enhance satisfaction and loyalty.

Using data analysis to predict when equipment will fail, to perform maintenance before issues arise.

An economic model based on sharing underutilized resources, often facilitated by technology.

Pioneering examples of the sharing economy that started in 2008, focusing on ride-sharing and home accommodation.

The stages a product goes through from development to decline.

A model focusing on increasing product lifespan to generate revenue.

A business strategy offering basic services for free and charging for premium features.

Creating durable and high-quality products designed for long-term use.

Restoring used products to a 'like-new' condition for resale.

The process of collecting and reselling used goods.

Improving a product by adding new features or technology.

Fixing products to extend their lifespan and usability.

Replacing a worn-out function instead of the entire product, often seen in refillable packaging.

Markets where demand is high, but consumers are less likely to buy new products.

A consumer-centered approach where users act as both providers and consumers, fostering resource sharing.

The practice of sharing access to goods or services to minimize ownership, reducing demand for new products.

Benefits consumers gain such as convenience, lower prices, and tailored quality experiences through sharing services.

The reliance on mutual trust among users, facilitated by social media, reviews, and sometimes insurance, to ensure safety in transactions.

Criticisms of sharing economy include profit motivations over community, insecure income for workers, and unfair competition.

A payment model where customers pay only for the amount they use a product or service, such as miles driven or hours used.

A contractual arrangement where customers have exclusive access to a product for a longer period, typically beyond 30 days.

Focusing on delivering the output or service rather than the physical product, often with usage-based payments.

A flexible agreement allowing service purchase without ownership.

An agreement where companies commit to specific outcomes, like 'clean streets'.

A service model allowing users to pay for the lighting they use instead of owning it.

Expansion possibilities in markets and access-focused consumers.

Issues faced with new customer profiles demanding access over ownership.