When a Company Offers Consumers the Ability to Make Purchases

question 77

Multiple Choice

When a company offers consumers the ability to make purchases via a smartphone, this is known as

• A)M-commerce.
• B)smart retailing.
• C)portable selling.
• D)P-commerce.
• E)channel expansion.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Minor

Legally refers to an individual who is below the age of majority, and thus, has limited legal rights and responsibilities.

Avoid The Contract

The act of declaring a contract null and void, meaning it is treated as if it never existed due to breaches or violations of terms.

Ratification

The act of accepting and giving legal force to an obligation that previously was not enforceable.