Although Product Knowledge Is One of the Most Important Topics,knowing

question 16

Multiple Choice

Although product knowledge is one of the most important topics,knowing:

• A)Competitor's product is more important.
• B)When and how to discuss the subject is probably even more important.
• C)How to explain the technical details is probably more important.
• D)How to manage your time and territory will allow you to overcome a lack of product knowledge.

Identify and apply strategies for effective online research and information retrieval.

Evaluate website security, reliability, and authenticity.

Recognize the role and usage of different types of e-commerce websites.

Understand the significance and application of digital certificates and encryption in online security.

---

Definitions:

Global Trade Flow

Refers to the movement of goods and services across international borders, involving various economic activities and exchanges between countries.

Specialization of Labor

The division of labor into distinct tasks, where individuals specialize in specific tasks, improving efficiency and productivity.

Adam Smith

An 18th-century economist known for his writings on classical economics, including the concept of the division of labor and the benefits of free markets.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than competitors using the same amount of resources.