Online Consumers Are Considered Empowered Consumers Because

question 115

Multiple Choice

Online consumers are considered empowered consumers because

• A) products and services purchased online often cost less than in a retail store.
• B) online shopping does not require that they fight traffic, find a parking space, walk long store aisles, and wait in line at checkout.
• C) they use technology to control their shopping and purchase decision process.
• D) there are websites for almost any product or service they want.
• E) they can engage in an electronic dialogue with marketers.

Understand the methodology behind economic theories and the limitations of economic experiments.

Analyze the effects of macroeconomic policies on the national economy.

Examine the enforcement of antitrust laws and its economic implications.

Understand the circular-flow diagram and the basic interactions between households and firms in an economy.

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Definitions:

Fracture

A break, typically in a bone, that occurs when an external force exceeds the strength of the bone.

Bone Fragment

A piece of bone that has been separated from its main structure, often due to trauma, surgery, or pathological conditions.

Epidermis

The outer layer of the skin; literally over the true skin.

Abrasion

An injury caused by rubbing or scraping off the skin.