Sears Is an Example of an Old Company That Has

question 41

Multiple Choice

Sears is an example of an old company that has made the transition to the world of ebusiness and now has one of the top-rated ebusiness websites on the internet while still retaining its traditional retail presence. This transition would be considered to be ________.

• A) brick-and-mortar
• B) clicks to bricks
• C) bricks to clicks
• D) plug and play
• E) bricks presence

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Definitions:

Total Revenue

The overall amount of money earned by a firm from the sale of its products or services before any costs are subtracted.

Point Elasticity

A measure of elasticity that uses the slope measurement.

Slope Measurement

The rate at which a line or curve inclines or declines, indicating the relationship between changes in variables on a graph.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often influencing pricing strategies.