The Lowered Costs of Information Storage, Processing, and Communication, Along

question 82

Multiple Choice

The lowered costs of information storage, processing, and communication, along with the improvement of data quality, has resulted in which unique quality of e-commerce?

• A)Information density
• B)Richness
• C)Customization
• D)Interactivity

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Definitions:

Prices

Monetary values assigned to goods or services, determining the amount of money needed to purchase them.

Real GDP

GDP adjusted for inflation, offering a clearer view of the economy's actual size and its growth trajectory.

Household Production

Goods and services produced by members of a household, for their own consumption, without involving market transactions.

Illegal Production

The manufacture or production of goods and services that is not authorized by law, typically involving prohibited items or without necessary permits.