For an Instrument to Be Valid It Must Be

question 15

Multiple Choice

For an instrument to be valid it must be

• A)correlated with both the dependent variable and the endogenous variable.
• B)uncorrelated with both the dependent variable and the endogenous variable.
• C)correlated with the endogenous variable but uncorrelated with the error term.
• D)correlated with the error term but uncorrelated with the endogenous variable.

Describe common products and services characteristics that are preferred for online purchases.

Understand factors influencing consumers' online shopping behaviors and decisions.

Recognize various types of products that are popularly purchased online.

Identify the six main reasons consumers shop and buy online.

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Definitions:

Retail Feed Stores

Shops or outlets that specialize in selling feed and other supplies for animals to the general public.

Wholesalers

Businesses that purchase goods in large quantities from manufacturers or distributors and then sell them in smaller quantities to retailers or other businesses.

Wholesaler

A type of business that purchases goods in large quantities from manufacturers or importers and sells them to retailers, other wholesalers, or occasionally to final consumers.

Intermediary

A person or organization that acts as a mediator or agent between parties, especially in a business or financial transaction.