Question
Your daughter recently approached you with an idea to start an online business selling handmade wreaths for the front doors of homes. She is very
Your daughter recently approached you with an idea to start an online business selling handmade wreaths for the front doors of homes. She is very skilled in the craft, and for years has been making the wreaths in her spare bedroom and selling them offline for premium prices. She has approached you for advice because she is aware of your expertise as a business professional. You suggest setting up an online wreath marketplace so she can develop two income streams: she can sell her own wreaths on the site and other wreath makers can pay a listing fee to sell their wreaths on the site. You will do the programming for free. What two online business models are being utilized in this scenario?
| ||
| ||
| ||
| ||
| ||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started