Which of the Following Is a Problem That E-Commerce Can

question 54

Multiple Choice

Which of the following is a problem that e-commerce can cause for the airline industry?

• A) Too many fares
• B) Mistakes in fares
• C) Too few fares
• D) No fares offered on certain routes
• E) Too many fares offered on certain routes

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Definitions:

Trade-off

A case where the gain of one property or aspect comes at the cost of losing another.

Budget Constraints

Refers to the limitations on the consumption choices of individuals or entities due to their available resources, such as income or wealth.

Indifference Curves

Graphical representations showing combinations of two goods that give the consumer equal satisfaction and utility.

Optimum

The most favorable condition or level of something, where benefits are maximized and negative effects are minimized.