On EBayCom,the Internet Auction Website,sellers Design the Web Page on Which

question 139

Multiple Choice

On eBay.com,the Internet auction website,sellers design the web page on which they sell their merchandise.One individual who was selling a Coca-Cola tray from the 1920s used a background that resembled fluffy clouds in a blue sky.The page contained six pictures of the tray from different angles and an animated depiction of an American flag.Many potential buyers abandoned the web page before all the pictures downloaded.The seller must have been unaware of the

• A)eight-second rule.
• B)80/20 principle.
• C)stickiness principle.
• D)hierarchy of needs.
• E)efficiency rule.

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Definitions:

Price Changes

Refers to the variation in the cost of goods and services over time, often influenced by factors such as supply and demand, inflation, and market competition.

Consumption

The act of using goods and services to satisfy needs or desires.

Time Constraint

A limitation or restriction on the period within which something can be achieved.

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.