Which of the Following Is Not an Element of Friction-Free

question 16

Multiple Choice

Which of the following is not an element of friction-free commerce?

• A) Information is equally distributed.
• B) Transaction costs are high.
• C) Prices can be dynamically adjusted to reflect actual demand.
• D) Unfair competitive advantages are eliminated.

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Definitions:

Procurement

The process of acquiring goods, services, or works from an external source, often involving tendering or bidding.

Fulfillment

The process of receiving, packing, and shipping orders for goods to customers.

TPS

Transaction Processing System; a computerized system that performs and records daily routine transactions necessary to conduct business.

Real Time

The processing of data or the delivery of information immediately after collection, without noticeable delay, allowing for immediate action or response.