Online Consumers Are Considered Empowered Consumers Because

question 56

Multiple Choice

Online consumers are considered empowered consumers because

• A) products and services purchased online often cost less than in a retail store.
• B) online shopping does not require that they fight traffic, find a parking space, walk long store aisles, and wait in line at checkout.
• C) they use technology to seek information, evaluate alternatives, and make purchase decisions on their own time, terms, and conditions.
• D) there are websites for almost any product or service they want.
• E) they can engage in an electronic dialog with marketers.

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Definitions:

NDP

Net Domestic Product, which is the total value of all goods and services produced within a country in a specific time period, minus depreciation.

GDP

Gross Domestic Product quantifies the overall market worth of every completed good and service produced internally across a country during a certain period.

National Income

The total income earned by a country's factors of production within a given period, representing the sum of wages, rent, interest, and profits.

Depreciation

The reduction in the value of an asset over time, typically due to wear and tear, usage, or aging.