E-Commerce Is Commerce,but It Is Commerce Accelerated and Enhanced by IT,in

question 78

True/False

E-commerce is commerce,but it is commerce accelerated and enhanced by IT,in particular the Internet.

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Definitions:

Utility Function

An equation representing a consumer's prioritization of various bundles of goods, thereby indicating their perceived benefit or welfare from those choices.

Consumption

The action of using up a resource or goods, often associated with the demand side of economics.

Income

Earnings received by an individual or business in exchange for work, services, or investments, typically measured over a certain period of time.

Pareto Efficient

An allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.