What Is One Reason the EBay Seller Reputation System Is

question 74

Multiple Choice

What is one reason the eBay seller reputation system is important?

• A) eBay transactions tend to be isolated, one-off transactions.
• B) eBay transactions tend to be repeat sales between the same seller and buyers.
• C) eBay transactions often involve stolen products.
• D) eBay transactions require a larger percentage than, say, Amazon transactions.

Grasp the relationship between product variety, consumer welfare, and market dynamics.

Recognize the role of advertising in markets, including both its potential benefits and drawbacks.

Identify the characteristics and outcomes of monopolistically competitive markets.

Understand the impact of the internet and celebrity endorsements on product demand and consumer behavior.

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Definitions:

Consistency

The quality of always behaving or performing in a similar way, following the same principles or course.

Labeling Technique

A social psychology strategy where one labels a person or group with a term in order to influence their behavior or perception, often used in persuasion and compliance.

Commitment And Consistency

The psychological principle that suggests individuals strive to be consistent in their beliefs and actions, especially when they have made a public commitment.

Social Influence Techniques

Methods or strategies used to change or manipulate others' behaviors, attitudes, or perceptions.