Andy Purchased a Number of Books from Amazon

question 31

Multiple Choice

Andy purchased a number of books from Amazon.com,and he learned to trust the recommendations made to him.More than once he was pleasantly surprised at the books and authors he discovered this way.In this case,Amazon.com was creating value for Andy through

• A) repeat business.
• B) rapid delivery.
• C) expanded market presence.
• D) personalized offerings.
• E) interactive offerings.

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Definitions:

Finance Charges

The cost associated with borrowing money, including interest and other fees, charged by lenders to borrowers.

Annual Percentage Rate

A measure of the cost of credit, expressed as a yearly interest rate, which includes fees and charges associated with the loan.

Food And Drug Administration

A federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Premarket Approval

A regulatory process by the FDA that requires the demonstration of safety and effectiveness before a new medical device can be marketed.