What Are the Consumer Concerns About E-Commerce That Make Consumers

question 127

Essay

What are the consumer concerns about e-commerce that make consumers wary of purchasing online?

Identify the factors that influence economic decisions and behaviors, including marginal analysis and opportunity costs.

Understand the basic economic problem of scarcity and how it requires choices that entail opportunity costs.

Describe the functions of entrepreneurs in the economy and differentiate between various economic resources.

Distinguish between macroeconomics and microeconomics and their areas of study.

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Definitions:

Consumer Purchases

Transactions where individuals or households buy goods and services for personal use.

Personal Influence

indicates the effect an individual's characteristics, behaviors, or opinions have on others' attitudes or actions.

Word-of-Mouth

A form of marketing where information about products or services is transmitted from one person to another through verbal or written recommendations.

Countervailing Duties

Tariffs levied on imported goods to offset subsidies made to producers of these goods in their home countries.