Which of the Following,if True,would BEST Support Stevenson's Position

question 101

Multiple Choice

Which of the following,if true,would BEST support Stevenson's position?

• A) In general, the more that businesses use information technology, the better they perform.
• B) Businesses that exclusively sell online have been the fastest-growing.
• C) The most successful businesses are those that make use of information technology.
• D) Many more businesses sell their products over the Internet now than in the past.
• E) Easily packaged imperishable consumer goods are those that are best suited to being sold over the Internet.

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Definitions:

Market Price

The price at which goods and services are currently being sold in the market, influenced by supply and demand.

Equilibrium Price

The price point in the market at which the amount of goods being offered is equal to the amount of goods being sought.

Quantity Supplied

The volume of a commodity or service that sellers are ready and capable of providing at a specific price within a given period.

Surplus

An excess of production or supply over demand, often resulting in lower prices.