Consumers Deftly Use Internet Technology to Seek Information, Evaluate Alternatives

question 135

Multiple Choice

Consumers deftly use Internet technology to seek information, evaluate alternatives, and make purchase decisions on their own time, terms, and conditions. This describes which reason consumers buy and shop online?

• A) convenience
• B) choice
• C) customization
• D) control
• E) communication

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Definitions:

Substantial Unemployment

A situation where there is a significantly high rate of unemployment in a particular area, reflecting a large number of people unable to find jobs.

Wages

Compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Great Depression

A severe worldwide economic downturn that took place mostly during the 1930s, leading to high unemployment, low output, and deflation.

Curve

In economics, a curve often represents graphical data showing relationships between two variables, such as supply and demand or price and quantity.