The Fact That E-Commerce Is Conducted Based on Universal Standards

question 73

True/False

The fact that e-commerce is conducted based on universal standards decreases search costs for consumers.

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Definitions:

Productivity Increase

An improvement in the efficiency of production, often measured by the output per unit of labor or resources.

Profit-Sharing Plan

A company program that gives employees a share in the profits of the company.

Intermittent Reinforcement

A behavioral training strategy where rewards or punishments are given out irregularly, contributing to stronger or more lasting behavioral responses.

Successive Approximations

A process of breaking down a complex skill or behavior into smaller, achievable steps and rewarding progress.