Which of the Following Characteristics of Online Shopping Contributes Most

question 60

Multiple Choice

Which of the following characteristics of online shopping contributes most to its convenience?

• A)Customers do not have to fight traffic, find a parking space, walk long aisles, or stand in store checkout lines.
• B)Consumers can avail themselves of numerous websites for almost any product or service they want.
• C)Consumers who prefer one-of-a-kind items that fit their specific needs can create them online.
• D)Consumers can engage in an electronic dialogue with marketers.
• E)Consumers are in charge in the marketspace

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Definitions:

U-shaped

A term often describing a graph or relationship where a variable initially decreases, reaches a minimum point, and then increases, resembling the shape of the letter "U."

Total Product Curve

A graphical representation that shows the relationship between the total output produced by a firm and the quantity of a variable input for a given level of fixed input(s).

Average Product

The output produced per unit of a resource employed, calculated by dividing total product by the quantity of the resource used.

Labor

The application of human mental and physical endeavors in the manufacture of products and provision of services.