Which of the Following Is a Benefit Businesses Experience from Buying

question 92

Multiple Choice

Which of the following is a benefit businesses experience from buying and selling their goods and services on the Internet?

• A)access to nine-to-five ordering
• B)increase of the need for distributors
• C)a smaller selection of products and vendors
• D)lower prices due to increased competition

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Definitions:

Specialize

The process by which individuals or entities focus on producing a limited range of goods or services to gain greater efficiency and productivity.

Export

The sale of goods or services from one country to another.

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods that can be produced with available resources and technology.

Specialization And Trade

An economic concept where individuals or entities focus on producing a limited scope of goods or services to trade for other goods or services rather than trying to produce everything themselves.