Consumers Deftly Use Internet Technology to Seek Information, Evaluate Alternatives

question 135

Multiple Choice

Consumers deftly use Internet technology to seek information, evaluate alternatives, and make purchase decisions on their own time, terms, and conditions. This describes which reason consumers buy and shop online?

• A) convenience
• B) choice
• C) customization
• D) control
• E) communication

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Definitions:

Specialist Medical Equipment

High-tech and advanced medical tools and devices specifically designed for certain branches of medicine to diagnose or treat diseases effectively.

Labour Hours

The total number of hours worked by employees during a specific period, usually considered for costing or productivity analysis.

Operations Management

The area of management concerned with designing, overseeing, and controlling the process of production and redesigning business operations in the production of goods or services.

Contribution Margins

The amount by which a product's selling price exceeds its total variable costs, indicating the portion of sales that contributes to covering fixed costs.