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Name and Give Two Examples of Each of the Four

question 55

Essay

Name and give two examples of each of the four types of electronic commerce activities.


Definitions:

Alternatives

Different options or courses of action available for consideration in decision-making processes.

Perfect Information

A concept in game theory and economics wherein all participants have access to all relevant information to make informed decisions.

Expected Value

A calculated average of all possible outcomes of a random variable, weighted by the probability of each outcome occurring.

Conditional Value

A value that depends on the fulfillment of a specific condition or set of conditions, often used in decision-making processes.

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