Chaplin's Pet Store Has Been in Business for Many Years

question 23

Multiple Choice

Chaplin's Pet Store has been in business for many years.Chaplin,the present owner,decides to open an online sales channel where he can advertise and sell the same gourmet pet food.This is an example of adding

• A) a webstore.
• B) a reverse auction.
• C) e-procurement.
• D) a portal.

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Definitions:

Financial Reporting

Generating documents that expose the economic health of an organization to its leadership, stakeholders, and government agencies.

Rules-Based

A regulatory or decision-making approach that relies strictly on written rules, standards, and procedures.

Loopholes

Provisions in laws or regulations that allow individuals or companies to avoid abiding by the spirit of the law in a legal way.

Economic Performance Philosophy

An approach focusing on achieving long-term economic goals such as sustainability, growth, and efficient resource allocation.