In a Recent Study Of755 E-Tailers from BizRate

question 17

Multiple Choice

In a recent study of755 e-tailers from BizRate.com, it was found that online business success depends on all of the following except:

• A)brand name reputation
• B)types of products sold
• C)ease with which consumers could navigate the web site
• D)web site's domain name
• E)All of the above are correct.

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Definitions:

Voluntary Quota

A self-imposed limit on the quantity of goods a country exports or imports.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.

Price Elasticity

The degree to which the demand for a good is responsive to changes in its price.

Tax Passed

Occurs when the burden of a tax is shifted from the entity legally responsible for it to another party, such as consumers.