There Are Five General Product and Service Categories That Dominate

question 8

Essay

There are five general product and service categories that dominate online consumer buying today and for the foreseeable future. List them and give an example of each.

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Definitions:

Wall Street

Refers to the financial district of New York City, known as a major center for the world's financial markets.

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgements is reliably greater than their objective accuracy, especially when confidence is relatively high.

Judgments

Legal decisions made by a court regarding the rights and liabilities of parties in a legal action or proceeding.

Opinions

Opinions are personal beliefs or judgments that are not necessarily based on fact or knowledge.