​Asif Wanted to Buy a Football Immediately

question 33

Multiple Choice

​Asif wanted to buy a football immediately.He placed an order on Duke.com,an online portal for sports goods,and dropped in at its nearest physical store to collect it.This scenario is an example of _____.

• A)microtargeting
• B)​click-and-collect
• C)​shopper marketing
• D)retail channel omnification

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Definitions:

Factors Of Production

Factors employed in the creation of goods or services with the aim of generating economic profit encompass land, labor, capital, and entrepreneurship.

Circular-Flow Diagram

A model that illustrates the movement of resources, goods, services, and money between households and firms in an economy.

Factors Of Production

The resources used in the production of goods and services, typically classified into four groups: land, labor, capital, and entrepreneurship.

Labor

Tasks undertaken by individuals that aid in generating goods and services within an economy.