According to the Eight-Second Rule

question 200

Multiple Choice

According to the eight-second rule,

• A) it only takes eight seconds for someone to learn how to navigate a marketer's website.
• B) any online purchase should take no more than eight seconds to complete.
• C) prospective customers will not wait longer than eight seconds for a response to an online chat.
• D) 50 percent of online consumers will spend less than eight seconds viewing a single webpage.
• E) customers will abandon a website if download time exceeds eight seconds.

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Definitions:

Frustrated Contract

A legal concept referring to a contract that, through no fault of either party, is unable to be fulfilled due to unexpected circumstances, rendering the obligations impossible or radically altered.

Loss Apportionment

The process of determining the distribution of loss among different parties, often used in insurance and liability cases.

Liquidated Damages

A remedy requiring the party responsible for a breach to pay an amount specified in the contract.

Housing Cost

The expense associated with acquiring, maintaining, or renting a residence.