Which of the Following Is an Advantage of E-Commerce

question 56

Multiple Choice

Which of the following is an advantage of e-commerce?

• A)Increased transaction costs
• B)Greater customer loyalty
• C)Shortened supply chain response times
• D)Access to services are limited by time
• E)The inability to gather information of customer preferences

Describe the legal principle of adverse possession and its requirements.

Understand the concept of marketable title and the implied warranty of habitability.

Discuss the role and legal implications of escrow in real estate transactions.

Understand Freud's psychoanalytic theory, including the stages of psychosexual development.

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Definitions:

Quantity Demanded

The collective measure of a commodity or service that people are eager and have the means to purchase at an identified price level.

Quantity Supplied

Refers to the total amount of a good that producers are willing to sell at a given price over a specific period.

Equilibrium Price

The market cost where the supply of merchandise matches the demand level.

Equilibrium Quantity

The amount of products or services available matches the amount desired by consumers at the current market rate.