In the Context of E-Commerce, Which of the Following Is

question 77

Multiple Choice

In the context of e-commerce, which of the following is used to provide product information?

• A)Web sites
• B)Phone calls
• C)Flyers
• D)Faxes

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Definitions:

Adverse Selection

A situation in insurance and markets where buyers and sellers have different information, leading to transactions where the seller is more likely to sell a low-quality product.

Insurance

A financial product offering protection against a loss, providing compensation in the event of specific financial damages or risks occurring.

Adverse Selection

A situation where asymmetric information results in high-risk individuals being more likely to purchase insurance or contracts than low-risk ones.

Auto Transmission

An automatic transmission is a type of motor vehicle transmission that can automatically change gear ratios as the vehicle moves, freeing the driver from having to manually shift gears.