All of the Following Are True Statements About E-Commerce EXCEPT

question 25

Multiple Choice

All of the following are true statements about e-commerce EXCEPT:

• A)E-commerce sites normally conduct sales 24 hours a day, 7 days a week, 12 months a year.
• B)E-commerce sales reduce the opportunity for fraud, theft of assets, and theft of data.
• C)E-commerce consumers can search for better prices and more information easily.
• D)E-commerce consumers may incur shipping and handling charges not incurred by retail customers.

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Definitions:

Fastest-growing

Describes entities, sectors, or economies that are increasing in size, value, or importance at a more rapid pace than others within the same category.

Occupations

Refers to various jobs or professions that individuals engage in to earn income and contribute to the economy.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in one of its determinants, such as price.

Elastic

Describes a situation in economics where the demand for a product or service significantly changes in response to a price change.