Six (6)general Product and Service Categories Dominate Online Consumer Buying

question 142

Multiple Choice

Six (6) general product and service categories dominate online consumer buying.One category consists of highly standardized products and services,such as small appliances and casual apparel,for which

• A)audio or video demonstration is important.
• B)price and delivery time are not key factors.
• C)digital delivery is an important factor.
• D)assortment and speed of delivery are the determinant sales factors.
• E)information about price is important.

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Definitions:

Freight-out Costs

Expenses associated with the delivery of merchandise from a seller to a buyer; also known as shipping costs or delivery expenses.

Inventory

Inventory represents the goods and materials a business holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.

LIFO Reserve

A contra-asset for the excess of FIFO over LIFO inventory.