Using Technology Such as Self-Checkouts in Grocery Stores to Enable

question 36

Multiple Choice

Using technology such as self-checkouts in grocery stores to enable customers to complete the service delivery and transaction themselves is most commonly used for:

• A)Service factories.
• B)Service shops.
• C)Mass services.
• D)Professional services.

Comprehend the dynamics of low-cost strategies within competitive industries.

Evaluate how buyer power influences a company's ability to capture value.

Understand how product elasticity affects company strategy and consumer demand.

Identify strategies that firms can use to reduce competition and enhance market position.

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Definitions:

Finance Lease

A type of lease in which it is assumed that the lessee will use the leased asset for a significant portion of its useful life, and the lease payments cover the full cost of the asset along with providing a return to the lessor.

Secured Transaction

A financial agreement in which the borrower pledges collateral to the lender to secure repayment of a loan.

Cisg

The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform framework for international commercial transactions.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, often used for power.