Question

Please explain briefly the following concepts used in the P2P business model and answer from your...

Please explain briefly the following concepts used in the P2P business model and answer from your point of view a simple question. Use your own words and examples to illustrate the concepts.  

“Sharing economy”

A “viral coefficient”.

Who Benefits from the Peer-to-Peer Economy?

Homework Answers

Answer #1

Sharung economy is collaborative phenomenon in which individuals rent or borrow goods or resources like for example Uber Carpool and Airbnb hotel rooms.

Viral coefficient is the number of new user an average customer generates.

P2P economy largely bemefits customers as whole as it creates lower cost and lower wastage of resources and also helps producers in capacity utilisation and inventory optimisation and lower operating costs with maximum user base thus creating win win situation.

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