1. D

D there was a temporary need for accommodation in the city.

*: “Hearing that there was a conference coming to town and there were no hotel rooms available, they created the website airbedandbreakfast.com where they advertised three airbeds in their home at $80 each a night, breakfast included.”

2. C

C rent out properties nationally.

*: “Their idea was to target conferences and festivals across the USA, getting local people to list their rooms and travellers to book them”

3. B

B both the guest and the host have to pay.

*: “They began to charge three per cent to the host and between six and twelve per cent to the traveller, depending on the price of the booking.”

4. C

C their own home.

*: “By April 2009, when larger investments began to arrive, they moved the company out of their flat into a new state-of-the-art office and hired more staff.”