To Accommodate Electronic Commerce,which of the Following Was Enacted or Promulgated

question 40

Multiple Choice

To accommodate electronic commerce,which of the following was enacted or promulgated?

• A) The UCC
• B) The CISG
• C) The UETA
• D) GATT

Understand marginal utility and its application in consumer decision-making.

Recognize the role of R&D spending in generating technological advances.

Distinguish between different forms of technological advances (product innovation, process innovation) and their economic impacts.

Understand the mechanisms for protecting intellectual property and their role in encouraging innovation.

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Definitions:

Decision

The act of making a choice or coming to a conclusion after considering all relevant information.

Products

Items or services produced for sale or use, often designed to meet consumer needs or wants.

SELL Sequence

A sales strategy that involves showcasing the product or service, explaining the benefits, leading into the advantages, and locking in the sale.

Feedback

Information given to a person or group about their actions or performance, used as a basis for improvement.