Shopping Bots

question 63

Multiple Choice

Shopping bots:

• A) encourage a more creative use of advertising
• B) link manufacturers,suppliers,and customers
• C) create opportunities for prestige pricing
• D) provide a means for comparison shopping
• E) create inelastic demand

Understand the principles and importance of random sampling and random assignment in research.

Recognize the role of ethics in maintaining the integrity and applicability of psychological research.

Appreciate the methodologies used in psychological research and their impact on the validity of outcomes.

Understand the principles of supply chain management and the impact of supply chain decisions on the profitability and efficiency of businesses.

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Definitions:

Financing Agreement

A financing agreement is a legal contract between a borrower and a lender outlining the terms for borrowing money, including repayment schedule, interest rates, and any collateral.

Disaffirmance Reasonable

The act of renouncing or voiding a contract or agreement, especially by a party who was not in a position to legally enter into the contract initially, under conditions considered to be fair or just.

Employment Contract

A formal agreement between an employer and an employee outlining the terms and conditions of employment.

Arbitration Agreement

A contract in which parties agree to settle disputes through arbitration rather than litigation in courts.