Airbnb has a unique customer value proposition in its use of technology; shorter, more intimate stays; varying and different locales; and cheaper and unique accommodations.

(Click to select) True False

b. A chain hotel/motels customer value proposition is similar to that of Airbnb by its use of technology, unique accommodations, and varying prices.

(Click to select) True False

c. A bed & breakfasts profit formula is based on renting rooms and overall occupancy, cost structure associated with operating brick and mortar locations, and possibly wages if large enough to need staff.

(Click to select) True False

d. Airbnbs profit formula is based on transaction fees charged to users, cost structure associated with developing and updating software and technology, marketing and wages for engineers, and professional management and staff.

(Click to select) True False

e. A bed & breakfast is owned by a sole proprietor, their profit margin is not impacted if they do not rent rooms or have overall occupancy.

(Click to select) True False

f. Chain hotels/motels profit margin is dependent on generating sufficient revenues across multiple locations to cover fixed and variable costs globally. Profitable locations may be used to offset losses in unprofitable locations.

(Click to select) True False

g. Airbnbs profit margin is contingent upon the percentage of revenue generated by all participating users offering accommodations.