Which of the Following Characteristics of Electronic Commerce Creates Customer

question 209

Multiple Choice

Which of the following characteristics of electronic commerce creates customer value by contributing to time and place utility?

• A)Electronic commerce makes products and services available to customers faster.
• B)Comparison shopping is easier in the marketspace than in the marketplace.
• C)Customers can shop in the marketspace anywhere at any time.
• D)Products available in the marketspace are more easily customized.
• E)Consumers can tell marketers exactly what they want in the marketspace.

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Definitions:

Regulatory Authority

A governmental agency or body responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

State Supreme Court

The highest court in a U.S. state, with the ultimate judicial authority to interpret state laws and constitution.

Legislature

A governmental body with the authority to make laws for a specific political entity, such as a country or state.

Self-Regulation

The regulation of the conduct of a professional group by members of the group. Self-regulation involves establishing ethical or professional standards of behavior with which members of the group must comply.