MB M1V3 Reputation and Collaborative Consumption

What are the three words that would sum up your reputation? How would people describe your judgment, your knowledge, your behaviors, in different situations?

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How has Sebastian Sandys' life been changed by being a host on Airbnb?

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Select the option that best describes what Airbnb is and how it functions as a peer-to-peer marketplace:

• It is an online platform that connects individuals to list, discover, and book accommodations directly from each other.

• It is a subscription-based property management service that directly owns hotels.

• It is an online travel agency that offers fixed-rate bookings.

• It is a peer-to-peer car rental service.

Technology is creating a market for things that never had a marketplace before by facilitating the emergence of new markets for previously unmarketed products and services.

• It is facilitating the emergence of new markets for previously unmarketed products and services.

• It is restricting market growth for traditional products.

• It is solely focused on digital innovations with no effect on traditional markets.

• It is reverting markets back to pre-digital business models.

Identify the main idea behind collaborative consumption as described in the passage.

• It involves sharing underused assets among a community.

• It is the process of mass-producing goods for consumption.

• It refers to exclusive private ownership of products.

• It means renting goods exclusively for individual use.

The impact of collaborative consumption on Sebastian during the London riots was:

• It had a positive impact.

• It had a negative impact.

• It had no impact.

• It is not clear.

Some examples of marketplaces mentioned in the passage that are built on personal relationships are...

• House parties

• Flea markets

• Both house parties and flea markets

• None of the above

According to the passage, collaborative consumption is transforming the way we think about supply and demand by redefining the roles of producers and consumers.

• By reducing the need for centralized supply chains.

• By redefining the roles of producers and consumers.

• By increasing market volatility.

• By diminishing the importance of consumer preferences.

The passage indicates that the critical ingredients for marketplaces are network effects, trust, and selection.

• Network effects, trust, and selection

• Supply and demand mechanics

• Price, quality, and service

• All of the above

Who is Chris Mok and what is his connection to TaskRabbit?

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