All of the Following Are True Statements About E-Commerce EXCEPT

question 25

Multiple Choice

All of the following are true statements about e-commerce EXCEPT:

• A)E-commerce sites normally conduct sales 24 hours a day, 7 days a week, 12 months a year.
• B)E-commerce sales reduce the opportunity for fraud, theft of assets, and theft of data.
• C)E-commerce consumers can search for better prices and more information easily.
• D)E-commerce consumers may incur shipping and handling charges not incurred by retail customers.

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Definitions:

Marginal Utility

The extra pleasure or benefit a consumer receives from using an additional unit of a product or service.

Demand Schedule

A table that lists the quantity of a good that consumers are willing and able to purchase at varying price points, at a specific moment in time.

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.

Consumer Surplus

Describes the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.