Terms of Website Design and the Online Customer Experience,commerce Refers

question 226

Multiple Choice

terms of website design and the online customer experience,commerce refers to

• A) business-to-business only transactions that take place between one firm's website and another firm's site.
• B) Internet-based networks that permit communication between a company and its supplier, distributors, and other partners.
• C) websites specifically designed for electronic funds transfer, such as banks, and/or private institutions, such as PayPal.
• D) the application of information and communication technologies in support of the firm's entire business activities.
• E) the website's ability to conduct sales transactions for products and services.

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Definitions:

Marginal Utility

The change in total utility obtained by consuming one additional unit of a good or service.

Consumption Bundle

A set of goods or services that a consumer chooses to purchase at a given time.

Good 1

Typically a term used in economics to represent a specific commodity or product in theoretical discussions.

Budget Constraint

A limit on the consumption choices of individuals or entities based on their income and the prices of goods and services, representing all possible combinations of goods and services that can be purchased.