Unlike in Traditional Retailing Where Customers Are Demanding and First

question 59

True/False

Unlike in traditional retailing where customers are demanding and first impressions are important, e-commerce firms do not have to worry about initial communications, since bad first impressions can be overcome with follow-up contacts and high-quality Web designs.

---

Definitions:

Quantity of Output

The total amount of goods or services produced by a firm or industry during a specific time period.

Surplus Supply

A situation where the quantity of a good or service supplied in a market exceeds the quantity demanded at the current price.

Soviet Union

A former federation of communist states in Eastern Europe and Northern Asia, existing from 1922 until its dissolution in 1991, known officially as the Union of Soviet Socialist Republics (USSR).

Price Signals

Indicators that arise from the fluctuation of prices in a market, guiding economic decisions and resource allocation.