Exchanges Proliferated During the Early Years of E-Commerce,but Many Have

question 118

True/False

Exchanges proliferated during the early years of e-commerce,but many have failed,in part because they encouraged competitive bidding that drove prices down.

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Definitions:

Potlatch

On the northwestern coast of North America, a ceremonial event in which a village chief publicly gives away stockpiled food and other goods that signify wealth.

Conspicuous Consumption

The spending of money on luxury goods and services to publicly display economic power—the social status of the consumer.

Ecological Adaptive

The process by which organisms adjust to changes in their environment to maintain or improve their survival prospects.

Domesticated

Refers to animals or plants that have been modified from their natural states to be of use to humans through selective breeding.