An Advantage of Is That They Allow Real-Time Merchandising; Products

question 42

Multiple Choice

An advantage of is that they allow real-time merchandising; products and features can be added or removed as needed, and prices can be adjusted instantly to match demand.

• A) kiosks
• B) mobile apps
• C) digital catalogues
• D) traditional catalogues
• E) blogs

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, often considered the father of modern economics, known for his theories on free markets, capitalism, and the "invisible hand."

Stakeholder Model

A framework that outlines the importance of considering all stakeholders in decision-making processes, not just shareholders.

Stakeholders

Individuals or groups that have an interest, stake, or claim in the actions and overall performance of a company, including employees, customers, suppliers, and shareholders.

Claimholders

Individuals or entities that have a claim or potential claim against a company's assets or income, including shareholders, creditors, and employees.