The strategy that uses the internet to attract, aggregate, and manage inexpensive or even free labor from customers and like-minded people is called "crowdsourcing."
Crowdsourcing is a powerful strategy that leverages the internet to engage customers and harness their collective intelligence for business growth and innovation. This approach allows businesses to access a diverse pool of talent and skills, while also engaging customers and building a sense of community.
Crowdsourcing involves tapping into the collective intelligence of a large group of individuals to generate ideas, solve problems, and complete tasks that might be challenging or time-consuming for a single individual or a small team.
In a crowdsourcing strategy, companies use the internet as a platform to reach out to potential contributors, who may be customers or individuals with specific skills or interests. These contributors can participate in various ways, such as submitting ideas, voting on proposals, or collaborating on projects.
As a result, businesses can reduce costs, enhance innovation, and develop better products or services tailored to their customers' needs. To implement a crowdsourcing strategy, businesses should follow these steps:
1. Define the objectives and goals of the project, such as problem-solving, idea generation, or product development.
2. Choose an appropriate online platform or create a custom website to facilitate the crowdsourcing process.
3. Establish clear guidelines and expectations for contributors, including submission criteria and potential rewards.
4. Promote the initiative through various channels, such as social media, email marketing, and public relations.
5. Engage with participants, providing feedback and fostering a sense of community.
6. Evaluate and analyze the results, using the gathered input to make informed decisions and improve the business.
To know more about crowdsourcing refer here:
https://brainly.com/question/29331726#
#SPJ11
A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. What is the opportunity cost of her typing the legal brief?.
$300, since that's the amount she could have made by arguing a case in court is the is the opportunity cost of her typing the legal brief.
What is opportunity cost and example?
The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the chance cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
What is opportunity cost known as?
Opportunity cost is commonly defined as the next best alternative. Also, referred to as the alternative cost, it's the loss of gain which could have been gained if another alternative was chosen. It also can be explained as the loss of benefit due to a change in choice.
Why is cost important?
The concept of cost helps us to choose the best possible option among all the available options. It helps us use every possible resource tactfully and efficiently and hence, maximize economic profits.
Learn more about opportunity cost:
brainly.com/question/1549591
#SPJ4
3. Describe the ways in which the state intervened in the economy to impact South Korea’s
economic growth between 1963 and 1997? Why is this considered justified when markets
were less developed during the initial, catch up stages of development?
4. What trajectory did South Korea’s export-led industrialization strategy follow? What were
some of the incentives the government provided?
3. South Korea has demonstrated how state intervention could lead to economic growth. The state intervened in the economy in a number of ways. Firstly, the government has played a significant role in funding and promoting research and development in specific sectors through its development policies.
Secondly, the government has been instrumental in implementing reforms that have facilitated the growth of the private sector. Thirdly, the government has encouraged investment from foreign companies. Fourthly, the government has controlled the domestic economy by keeping inflation low, controlling currency values, and limiting the amount of foreign debt. Fifthly, the government has offered tax incentives, low-interest loans, and other financial support to businesses to encourage them to develop in specific sectors.
This is considered justified when markets were less developed during the initial, catch-up stages of development because markets were not strong enough to generate the necessary investment, innovation, and growth on their own. The state had to intervene to help build the foundations for the growth of the private sector.
4. South Korea's export-led industrialization strategy followed a unique trajectory. The country began by focusing on labour-intensive industries such as textiles and light manufacturing. As its economy developed, it shifted towards more capital-intensive industries such as steel, petrochemicals, and heavy machinery. It then moved to high-technology industries such as electronics, semiconductors, and biotechnology. This evolution was driven by the government's policies of investment in education, research, and development, and incentives for businesses to focus on the export market. Some of the incentives provided by the government include infrastructure development, tax incentives, low-interest loans, and export credit insurance. This strategy has been instrumental in South Korea's economic growth and has transformed the country from one of the world's poorest nations to a global economic powerhouse.
To know more about South Korea visit:
https://brainly.com/question/4699811
#SPJ11
Question 2 (1 point)
Kelsi works in a toy manufacturing company assembling small dolls. Her job falls into
the Maintenance, Installation & Repair pathway of the Manufacturing career cluster.
1:) True
2:) False
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
One can find a project's net present value by subtracting the present value of its required investment from the present value of its future cash flows. (true or false)
under the corporate form of business organization:____.
If a shareholder wants to sell their corporation shares, they must obtain the consent of the other shareholders under the corporate form of business organization.
What becoming a shareholder entails?
A person or organization that has contributed funds to a corporation in exchange for a "share" of ownership is referred to as a shareholder. Common or preferred shares issued by the company and held by the shareholder serve as a representation of that ownership. Do shareholders count as owners? The directors and company management handle day-to-day operations of the firm on behalf of the shareholders, who are the legal owners of the company and, if there are many shareholders, part-owners as well. Yet, shareholders can also be corporate directors.
Know more about corporate Visit:
https://brainly.com/question/14656092
#SPJ1
In an advertisement, a statement by a user about the benefits he or she received is called a _____.
A.testimonial
B.storyboard
C.unique selling proposition
D.visual element
Answer:
A. Testimonial
Explanation:
A testimonial typically refers to the the experience a person has with the product or service. It usually contains positives, but also can have negatives as well.
~
Answer:
Testimonial
Explanation:
The free cash flows (in millions) shown below are forecast by Simmons Inc. If the weighted average cost of capital is 13% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the Year 0 value of operations, in millions?
Year: 1 2 3 Free cash flow: −$20 $42 $45
$680
$648
$617
$586
$714
Answer:
If the weighted average cost of capital is 13% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, ...
Explanation:
In a market economy, decisions about which goods are produced are based
on
OA what businesses believe will generate the most profits.
O B. what the government decides is important for society.
OC. what the local community has made for generations.
OD. what health care organizations suggest will be best for citizens.
Answer:
A what businesses believe will generate the most profits.
Explanation:
In a market economy, the private sector controls the majority of the factors of production. The government or central authority does not interfere with economic activities in this type of economy. The private sector decides on the production and distribution of goods and services.
The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.
Answer: what the local community has made for generations
As children, we just have one or two things, but as adults, we have a complete bag of balls that we are attempting to maintain in the aif. Consider all the roles you may be playingwife, mother, daughter, employee, student, military spouse fwhich, while technically a "wife" role, has its own unique issues, so I think we can call it out individuallyl. PTA member, church conmittee chair, blopeer, bock dub member, etc. In addition, the upcoming holiday saason will make you further busier. Last year, during the fall I was attending classes and learning a new job which was very complex. Being a full-time student along with working a full-time job can be chatlenging. Being able to balance work and school can be challenging because i feel like l've been prioritizing work above study. I need to earn money for school, so I must work. For scholarships and decent grades, I still need to continue my education. College is largely dependent on finances. You cannot obtain an education without money. In my case, not working will prevent me from having money or a good education. But I have found that being organized can make it a bit better. However, when learning a new job that is complex you can tend to get overwhelmed. Which happened to me, I felt like every time I completed an assignment at school that was difficult and time-consuming. I was faced with even a more difficult task at work. At times I felt like giving up and hiding trom the world and my responsibilities. The painful reminders that there Through completing the Business Writing Assignment, you constructed a workplace document and engaged in the writing process by taking your instructor's feedback and employing it to improve your assignment. It is important to take time to reflect on your own writing process to hone the process and use it to empower you to improve your process over time. Locate your Business Writing Assignment and evaluate what you wrote. Since this is a reflection, you can include your emotions and reactions, and use the first person ("I′′ ) to write your reflection. In a 550-word reflective response, complete the following elements:
- Discuss your experience writing your assignment, reviewing your instructor's initial feedback, and revising your response.
- Explain some of your writing process and what you thought worked well. - Also, detail some of what in your process you will look to improve for next time.
Writing the Business Writing Assignment was a challenging yet valuable experience. Receiving and implementing feedback from my instructor helped me improve my work, and I realized the importance of reflection and continuous improvement in my writing process.
Writing the Business Writing Assignment was a journey that involved multiple stages. Initially, I invested time and effort into constructing a workplace document, aiming to meet the assignment requirements. However, it was the process of reviewing my instructor's initial feedback that truly enhanced my understanding and propelled me towards improvement.
By carefully considering the feedback, I gained valuable insights into the strengths and weaknesses of my writing. It allowed me to identify areas that required refinement, such as clarity, organization, or the inclusion of specific details. Armed with this knowledge, I embarked on the revision phase, diligently incorporating the suggestions and making necessary adjustments.
Throughout the writing process, I found certain aspects of my approach to be effective. For instance, I appreciated the value of planning and outlining before diving into the actual writing. This allowed me to structure my ideas and ensure a logical flow in the document. Additionally, seeking feedback from peers or colleagues provided valuable perspectives and helped me fine-tune my work.
However, I recognize the need for improvement in certain areas of my writing process. One aspect I aim to enhance is time management. As the assignment coincided with a busy period in my life, I realized the importance of allocating dedicated time for writing, revising, and incorporating feedback. Improving this aspect will ensure a more balanced and efficient writing process in the future.
In conclusion, the experience of writing the Business Writing Assignment, coupled with the invaluable feedback from my instructor, taught me the significance of reflection and continuous improvement. Through careful analysis of my writing process, I identified strengths to build upon and areas to refine, emphasizing the importance of time management and seeking constructive feedback for future assignments.
Learn more about writing process
brainly.com/question/33000622
#SPJ11
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
PLEASEE HELPV Question 21 (Multiple Choice Worth 5 points) (04.09 LC A paid position with specific duties, tasks, and responsibilities in a particular place of work. O Career Interests O Job O Values
Answer:
Job
Explanation:
A job is regular work that an individual does to make money. It is a position of full-time or part-time employment, piece of work, or a specific task that is to be undertaken. The primary motivation for undertaking a job is to be paid.
A job entails assuming responsibilities and duties as detailed in the job description.
Which involves having the government make most economic decisions?
Answer:
socialisim
Explanation:
a socialist economy is basically an economy where the government are charged with redistributing the welth of the nation
Explain how a problem-solving strategy is similar to deductive reasoning.
Answer:Simmetry
Explanation: it is always directly proportional with the answer. I s all about cause and effect!
Attached is an abstract for an article that helps understand the role of the change agent. /content/enforced/12158-PG- 080- W21AL/lunenburg_fred_c._managing_ch ange_the_role_of_change_agent_ijmba_v 13_n1_2010.pdf Read the abstract and the reflect on a change experience you have been part of. Who was the change agent and what did they do. Use course material to help explain your perspective.
The abstract provided for the article, "Managing Change: The Role of the Change Agent," discusses the role of a change agent in implementing successful organizational change.
According to the article, a change agent is someone who has an understanding of the company's goals and vision, knowledge of the company's systems and culture, and the skills to implement change.The change agent's role is to provide direction, communicate the need for change, involve employees in the change process, and facilitate change in a way that is acceptable to all parties involved.
In my personal change experience, I have been part of a team that implemented a new customer relationship management (CRM) system in the company. The change agent in this situation was the project manager who helped us understand the need for the new system, provided us with training, and facilitated the implementation process.
The project manager also involved us in the decision-making process and ensured that the implementation was carried out smoothly. Through this experience, I learned that a change agent should be someone who has the ability to bring people together and facilitate change in a way that is effective and acceptable to all parties involved.
To know more about agent , refer to the link:
https://brainly.com/question/28325983#
#SPJ11
We have this project in my business class, we have to come up with a store/business. I choose a candy store but I can’t think of any fine names. Can someone help me come with a name please?
Answer:
Candy Crush
Explanation:
Its catchy
Answer:
The Sweete Shoppe
The Lolly Pop
50 Shades of Candy
Explanation:
Two coworkers at Nortel came up with an idea for renting software over the Internet.Nortel's top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product.The establishment of a new company and assigning the employees in the division the task of making the idea a reality requires which management function?
A) communicating
B) controlling
C) organizing
D) planning
Answer:
C) organizing
Explanation:
From the question we are informed about Two coworkers at Nortel who came up with an idea for renting software over the Internet.Nortel's top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product.In this case, the establishment of a new company and assigning the employees in the division the task of making the idea a reality requires organizing, which is a management function. Functional management can be regarded as most common type of organizational management, Management which is set of principles that relates to the functions such as planning, controlling as well as organizing and directing. Organizing can be regarded as process involving identification and grouping of work that is needed to be performed, it entails defining as well as delegating the responsibility. It can be regarded as establishment of relationships to enable people to work together in effective way to achieve goals
HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Accounts can someone please give me the information or something for it or if u have already done it can you please give it to me.
the document has all the information.
Answer:
PLEASE DO YOU HAVE IT NOW I NEED IT ASAPP
Explanation:
please I need to graduate
2. The rate of assessment in Fulton County is 35%. The tax rate is
81.31 mills. What is the real estate tax on a piece of property that
has a market value of $238,500?
The real estate tax on a piece of property that has a market value of $238,500 is:$6,787.
Real estate taxUsing this formula
Real estate tax= (Tax rate/1000)× Real property ×Rate of assessment
Tax rate =18.31 mills
Real property=180,000
Rate of assessment=0.35
Let plug in the formula
Real estate tax = 81.31 /1000×$238,500×0.35
Real estate tax = $6,78
Therefore the real estate tax on a piece of property that has a market value of $238,500 is $6,787.
Learn more about real estate tax here:
https://brainly.com/question/17087328
https://brainly.com/question/17167608
#SPJ1
Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
if dividends of 74,800 were in arrears on preferred stock, what would be the balance reported for retained earnings
The balance reported for retained earnings would be $520000 i.e there would be no change in the retained earnings balance as the dividends were in arrears and not been declared,therefore we can not deduct arrears of dividend from retained earnings.
Balance reporting is a report through a financial institution to a customer, usually a company or agency, informing the patron of the balances in their debts. person clients can also request stability reviews, but balance reports for company and organizational customers are typically a whole lot greater complicated.
A balanced record is one that discusses all points of view of a specific tale and then leaves it to the readers to make up their minds.
Learn more about balance report here:https://brainly.com/question/15325235
#SPJ4
The relationship between quantity supplied and price is ________ and the relationship between quantity demanded and price is ________. Group of answer choices
Answer:
direct, inverse
Explanation:
Hope it helps
Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Which of the following is one of the basic functions of government
accountants?
A) Government accountants file tax returns for government agencies.
B) Government accountants purchase equipment for Congress.
C) Government accountants keep track of how government agencies use taxpayers money.
D) Government accountants create businesses laws and regulations.
Answer: A) Government accountants file tax returns for the government agencies.
Answer:
D
Explanation:
1. Explain the money creation process. (With the help of money
multiplier)
2. The more the reserve ratio the less is the money multiplier.
True or false? Explain.
The money creation process is a key function of the banking system and involves the expansion of the money supply through the lending and deposit activities of banks. The process starts when a central bank injects new money into the economy, typically through open market operations or by lowering interest rates. Commercial banks then receive these newly created reserves and are required to hold a certain portion, known as the reserve ratio, as reserves against deposits.
The money multiplier is a concept that measures the potential expansion of the money supply based on changes in bank reserves. It represents the ratio of the increase in the money supply to the initial increase in bank reserves. The formula for the money multiplier is 1/reserve ratio.
Therefore, the statement "The more the reserve ratio the less is the money multiplier" is true. A higher reserve ratio means that banks are required to hold a larger proportion of their deposits as reserves and can lend out a smaller portion. This reduces the potential expansion of the money supply and, consequently, the money multiplier.
For example, if the reserve ratio is 10%, the money multiplier is 1/0.1 = 10. This means that a $1 increase in bank reserves can lead to a $10 increase in the money supply through the lending process. However, if the reserve ratio is increased to 20%, the money multiplier becomes 1/0.2 = 5, resulting in a smaller expansion of the money supply for the same increase in reserves.
In summary, a higher reserve ratio limits the lending capacity of banks and reduces the money multiplier, leading to a smaller expansion of the money supply.
Learn more about Commercial banks here:
https://brainly.com/question/28319094
#SPJ11
ABC Company sold goods to XYZ traders on May 1, 2019. ABC company agreed to accept a Kshs.1,400,000 for 6 month, 12% note in payment for the goods. Interest is payable at maturity. Required: Prepare journal entries to record the above transactions
Answer: If you have ever taken out a payday loan, you may have experienced a situation where your living expenses temporarily exceeded your assets. You need enough money to cover your expenses until you get your next paycheck. Once you receive that paycheck, you can repay the lender the amount you borrowed, plus a little extra for the lender’s assistance.
There is an ebb and flow to business that can sometimes produce this same situation, where business expenses temporarily exceed revenues. Even if a company finds itself in this situation, bills still need to be paid. The company may consider a short-term note payable to cover the difference.
A short-term note payable is a debt created and due within a company’s operating period (less than a year). Some key characteristics of this written promise to pay (see (Figure)) include an established date for repayment, a specific payable amount, interest terms, and the possibility of debt resale to another party. A short-term note is classified as a current liability because it is wholly honored within a company’s operating period. This payable account would appear on the balance sheet under Current Liabilities.
Short-Term Promissory Note. A promissory note includes terms of repayment, such as the date and interest rate.
Explanation:
Impotence of public companies in South Africa
As publicly traded entities, companies in South Africa are subject to strict regulations, including disclosure requirements and corporate governance standards.
Public companies have a duty to act in the best interests of their shareholders and to ensure that their financial statements are accurate and transparent. They are also subject to oversight by regulatory bodies such as the Johannesburg Stock Exchange and the Financial Sector Conduct Authority. Additionally, public companies have access to a broader pool of investors and capital, which can enable them to grow and expand more quickly. However, the increased scrutiny and regulatory burden can also make it more challenging for public companies to operate, and the pressure to meet shareholder expectations can sometimes come at the expense of other stakeholders.
To know more about regulations click here:
brainly.com/question/29641289
#SPJ4
Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answer:
D.what type of financial aid you are seeking