Which of the Following Is Considered an Advantage of Online

question 10

Multiple Choice

Which of the following is considered an advantage of online buying?

• A)lowers transaction costs
• B)reduces competition
• C)reduces supplier's negotiating power
• D)increases the number of ultimate consumers

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Definitions:

Manufacturing Costs

Costs that are directly associated with the manufacturing of products, including raw materials, workforce expenses, and indirect costs.

Work in Process

Inventories that are currently in the production process and have not yet reached the final stage to be classified as finished goods.

Materials Costs

The costs associated with the raw materials and supplies used in the production of goods or services.

Conversion Cost

The total cost of converting raw materials into finished goods, including labor and overhead expenses.