Creating a Website So That Customers Can Search for Information

question 148

Multiple Choice

Creating a website so that customers can search for information instead of calling the company's offices and speaking to a customer-service representative is an e-business strategy designed to increase profit by

• A) reducing revenues.
• B) reducing expenses.
• C) creating a new revenue stream.
• D) increasing revenues.
• E) creating more assets.

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Definitions:

GDP

The Gross Domestic Product represents the sum of the market or monetary value of every finished product and service made inside a nation's boundaries over a particular time frame.

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Price of Hat

The cost assigned to a hat, determined by various factors including materials, production costs, brand, and market demand.

GDP

GDP represents the sum of all economic value generated by goods and services within a nation's boundaries over a defined period.