How Many People Trust a Business More After Reading Positive

question 9

Multiple Choice

How many people trust a business more after reading positive online reviews?

• A) A very small percentage of consumers.
• B) About one-third of consumers.
• C) About three-quarters of consumers.
• D) Nearly 100% of consumers.
• E) No one has ever conducted such a study.

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Definitions:

Coincidence-of-Wants Problem

Refers to the difficulty in barter transactions where each party needs to have what the other wants and be willing to trade for it simultaneously.

Trade by Barter

The exchange of goods or services between parties without the use of money as a medium of exchange.

Capital Goods

Long-term assets such as buildings, machinery, and equipment used by businesses to produce goods and services.

Division of Labor

Division of labor is the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.