Which of These Statements Regarding When and Where Online Consumers

question 198

Multiple Choice

Which of these statements regarding when and where online consumers shop and buy is most accurate?

• A) Eighty percent of online sales occur on the weekends.
• B) The busiest shopping day is Saturday.
• C) Only 10 percent of consumers say they visit websites from their place of work.
• D) Favorite websites for workday shopping and buying include those featuring event tickets, travel, and flowers and gifts.
• E) Most people buy online when they are sad or depressed.

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Definitions:

Opportunity Cost

The expense incurred by not selecting the second-best choice available when deciding between multiple options.

Consumer Goods

Products and services that are purchased for consumption by the average household or end user, rather than for the purpose of resale or further processing.

Capital Goods

Are tangible assets such as buildings, machinery, equipment, vehicles, and tools that an organization uses to produce goods or services.

Production Possibilities Curve

A graphical representation that shows the maximum quantity of one good that can be produced for every possible quantity of another good produced, given the available resources and technology.