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Five General Product and Service Categories Dominate Online Consumer Buying

question 48

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Five general product and service categories dominate online consumer buying, accounting for about two-thirds of online sales. One category includes items such as computer software, music, and video for which


Definitions:

Cycle Efficiency

The effectiveness and efficiency of a business process or cycle in achieving its objectives without waste.

Days

A unit of time measurement equal to 24 hours, often used in business to measure durations such as payment terms and production cycles.

Purchasing Department

A division within a company responsible for acquiring goods and services needed for business operations.

Expense Allocation

The process of distributing costs among different departments, projects, or segments within an organization.

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