A Similarity Between E-Commerce and Traditional Commerce Is That Both

question 121

Multiple Choice

A similarity between e-commerce and traditional commerce is that both:

• A)use the same mode of service to cater to consumers.
• B)require a physical store to sell consumer goods.
• C)use magazines to provide product information.
• D)concentrate on selling products to generate profit.

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Definitions:

Unlimited Wants

The economic concept that humans have endless desires or wishes for goods and services, exceeding the finite resources available.

Limited Means

A situation or condition of having restricted financial resources or capabilities.

Capital Equipment

Long-lasting tools, machinery, or infrastructure used in the production of goods and services.

Fertile Land

Soil or land that is rich in nutrients, making it highly productive for agriculture.