Online Retailing,called__________ ,Continues to Grow Throughout the World for Several

question 4

Short Answer

Online retailing,called__________ ,continues to grow throughout the world for several reasons: greater availability of faster communication lines to households,growing confidence in online purchases,and the increasing ability to find the item one searches and rich information about it.

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Definitions:

Marginal Analysis

The examination of the benefits and costs of an additional unit of consumption or production to make decisions on allocations of resources.

Risk Aversion

The behavior of preferring to avoid loss rather than making a gain, reflecting a preference for certainty over uncertainty.

Irrational Decision

A choice made that contradicts logical reasoning, often influenced by emotional factors or cognitive biases.

Status Quo Bias

The tendency to avoid making a decision.