Companies, Called ____ Take an Item and Create an Online

question 4

Multiple Choice

Companies, called ____ take an item and create an online auction for that item, handle the transaction, and remit the balance of the proceeds after deducting a fee.

• A)auction consignment services
• B)liquidation brokers
• C)sniping brokers
• D)escrow services

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Definitions:

Coffee

A popular beverage made by brewing roasted and ground beans from the Coffea plant.

Total Utility

The total satisfaction or happiness derived by a consumer from consuming a certain quantity of goods or services.

Additional Coffee

An increment in the quantity of coffee, considered as an example of a product or commodity in economic studies.

Marginal Utility

The additional joy or advantage obtained from using one more unit of a good or service.