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Saturday, April 06, 2013

NSIT Quiz Fest 2013 Archives; Biz Quiz Prelims

 Question 3

•        In a 2011 TechCrunch analysis of X, writer Rakesh Agrawal likened its business model to loansharking.
      “X is essentially holding a portfolio of loans backed by the receivables of small businesses," he wrote. "If a business goes under, consumers will come back to X for their money back. Unless X is actually doing credit assessments on businesses that it chooses to feature, this is a big risk for X."

Answer; Groupon



Saturday, April 06, 2013

NSIT Quiz Fest 2013 Archives; Biz Quiz Prelims

 Question 3

•        In a 2011 TechCrunch analysis of X, writer Rakesh Agrawal likened its business model to loansharking.
      “X is essentially holding a portfolio of loans backed by the receivables of small businesses," he wrote. "If a business goes under, consumers will come back to X for their money back. Unless X is actually doing credit assessments on businesses that it chooses to feature, this is a big risk for X."

Answer; Groupon