Rent the Runway and Chegg have chosen to purchase their own inventory for rental to customers, rather than relying on inventory provided by participating citizens suppliers. This incurs an additional cost on these firms. Why would they opt to use this model if startup costs are going to be more expensive?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q15: Why are sharing economy marketplaces so attractive
Q16: Social media profiles can also be used
Q17: Another major concern for firms in the
Q18: Given examples of firms in the sharing
Q19: If eBay and Craigslist are included, some
Q21: Uber claims the firm's growth is minting
Q22: While unions and hotel chains might not
Q23: By mid 2016, ClassPass, the leader in
Q24: How does Uber ensure high driver quality?
Q25: Entrepreneurs are scrappy in their quest to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents