Which of the Following Is True of the Benefits Offered

question 61

Multiple Choice

Which of the following is true of the benefits offered by Internet shopping?

• A) The Internet offers a limited assortment of products.
• B) Customers can get information that is useful across channels.
• C) The perceived risk is lower when compared to store channels.
• D) The Internet is not economically viable for retailers looking to expand their markets.
• E) It has limited effectiveness in making personalized recommendations.

Identify the relationship between opportunity costs and comparative advantage.

Distinguish between absolute and comparative advantage.

Recognize how specialization based on comparative advantage benefits trading partners.

Determine which parties have a comparative or absolute advantage based on opportunity costs.

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Definitions:

Social Entrepreneurs

Individuals who establish enterprises with the goal of solving social problems or effecting social change, using business principles for public good.

Economic Value

The worth of a good or service determined by the benefit it provides weighed against its cost.

Social Value

The importance or benefit that something provides to society or a specific community group, often beyond economic value.

CSR

Corporate Social Responsibility involves companies taking responsibility for their impact on social, environmental, and economic issues.