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There Are Six General Product and Service Categories That Dominate

question 44

Essay

There are six general product and service categories that dominate online consumer buying today and for the foreseeable future. List them and give an example of each.


Definitions:

Financial Intermediaries

Institutions that facilitate the channeling of funds between lenders and borrowers by becoming intermediaries themselves.

Pension Funds

Investment pools that collect and manage funds for the purpose of providing retirement income to employees.

Standard of Value

A benchmark or reference point used to measure the worth of goods, services, or assets in economic transactions.

Standard of Value

A recognized measure that is used to set the price or value of goods, services, or assets in economic transactions.

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