What Is a Business That Operates in a Physical Store

question 21

Multiple Choice

What is a business that operates in a physical store without an Internet presence?

• A) Brick-and-mortar business
• B) Click-and-mortar business
• C) Virtual business
• D) Pure-play business

Distinguish between personal troubles and social issues and understand the relevance of the sociological imagination.

Comprehend gender and income inequalities within societies.

Apprehend the conceptual underpinnings and criticisms of quantitative and qualitative sociology.

Understand the influence of major sociological events and revolutions on the development of sociology.

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Definitions:

Barrier to Entry

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Exclusive Rights

Legal rights granted to individuals or firms, limiting others from reproducing, publishing, or selling particular goods or services.

Market Power

The ability of a company or entity to influence the price and production levels in a market.

Monopolists

Entities with exclusive control over the supply of a particular good or service, setting prices and output levels.