Which of the Following Scenarios Makes a Reference to E-Business

question 18

Multiple Choice

Which of the following scenarios makes a reference to e-business?

• A)Alexis purchases a tablet PC through an online retail store.
• B)Keisha purchases tickets for a football match from the stadium.
• C)Malik buys a laptop from an electronics store located a few blocks away from his home.
• D)Laila buys her favorite brand of cereal from a nearby supermarket.
• E)Joshua purchases fruit and vegetables from a farmer's market.

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Definitions:

Luxuries

Luxuries refer to goods or services that are considered non-essential but desirable and are often associated with higher quality and price points than necessities.

Price Elastic Demand

Describes a situation where the quantity demanded of a good or service significantly changes in response to a change in its price.

Close Substitutes

Goods or services that can serve as replacements for each other with little loss of utility to the consumer.

OPEC Oil Cartel

An international organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states to stabilize oil markets and prices.