Which of the Following Statements Is True of Online Retailing

question 53

Multiple Choice

Which of the following statements is true of online retailing?

• A) All the people visiting a typical website convert into paying customers.
• B) Online retailers cannot provide efficient customer service like their on-ground counterparts.
• C) There is a lack of security on the Web.
• D) Online retailing will attract less customers than on-ground retailing.

Calculate contribution margin and understand its significance in pricing decisions.

Identify examples of fixed and variable costs in a business context.

Understand the relevance of unit variable cost in product pricing.

Assess the impact of cost structures on the financial health of a business.

---

Definitions:

Costs

The expenses, losses, or other negative outcomes that are incurred as a result of actions or decisions.

Respond In Kind

Acting towards someone in the same manner as they have acted towards you, often in the context of reciprocating actions or gestures.

Strategy

A strategy intended to accomplish a long-term or overarching goal.

Bluffing

A strategy in negotiations where one party pretends to have a stronger position than they actually do to influence the other party's decisions.