Consumers Can Visit the BananaRepublic

question 74

Multiple Choice

Consumers can visit the BananaRepublic.com website to scan and order from among thousands of displayed clothing items without fighting traffic, finding a parking space, or standing in store checkout lines. This describes one example of why consumers shop and buy online, which is

• A) convenience.
• B) customization.
• C) communication.
• D) cost.
• E) control.

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Definitions:

Electronic Repair Revenues

Income generated from the business of fixing and restoring electronic devices and components to working condition.

Expenses

Expenses refer to the outflow of funds or the incurrence of a liability by a business as a result of its operations, such as costs for materials, labor, and overhead.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities.

Owner Investments

Funds or assets introduced by the owner(s) into the business to provide financial resources for operations or expansion.