How Did Online Markets Affect the Dynamics Between Buyers and Suppliers

question 42

Multiple Choice

How did online markets affect the dynamics between buyers and suppliers?

• A)It decreased the threat of new entrants in many industries.
• B)It reduced the network effects of many products.
• C)It increased the costs of switching.
• D)It granted more power to the buyers.

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Definitions:

Rejection Region

The rejection region is a concept in hypothesis testing that represents the set of values for which the null hypothesis is considered not likely to be true and is therefore rejected.

ρ Values

Often symbolizes correlation coefficients in statistics, representing the strength and direction of the linear relationship between two variables.

r Values

A measure of the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Hypotheses Testing

A statistical method used to determine whether there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.