Economic Factors to Be Considered by Vendors Who Want to Engage

question 39

Multiple Choice

Economic factors to be considered by vendors who want to engage in ecommerce include

• A) increases in customer service, logistics and manufacturing expenses.
• B) showrooming, lower taxation and customer service expenses.
• C) increased competition and fewer customers.
• D) channel conflict and lower logistics expenses.
• E) showrooming and higher customer service expenses.

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Definitions:

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Hypothetical Thought

The ability to consider ideas, scenarios, and possibilities that do not necessarily reflect current reality or direct experiences.

Deductive Reasoning

A method of deduction where a final judgment comes from the consistency of numerous assumed-to-be-true premises.

Inductive Reasoning

A method of reasoning in which specific observations or data are analyzed to form a general conclusion or principle.