The Business Model of E-Tailers Is Quite Similar to That

question 83

Multiple Choice

The business model of e-tailers is quite similar to that of:

• A)e-distributors.
• B)transaction brokers.
• C)exchanges.
• D)service providers.

Understand the distinction and relationship between law and ethics.

Recognize the role of corporate influence in political campaigns and ethical implications thereof.

Comprehend the concept of Corporate Social Responsibility (CSR) and its importance.

Identify the principles and criticisms of free market ethics as advocated by Milton Friedman.

---

Definitions:

Inputs

Resources used in the production process, including labor, capital, materials, and energy.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Total Revenue

The overall income generated by a business from its sale of goods or services, calculated as the price per unit times the number of units sold.

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.