General Product and Service Categories Dominate Online Consumer Buying Today

question 249

Multiple Choice

general product and service categories dominate online consumer buying today and in the foreseeable future.One category includes regularly purchased consumer packaged goods,such as grocery products,where

• A) customer value is the most important element.
• B) price and delivery time are not key factors.
• C) convenience is very important.
• D) digital delivery is an important factor.
• E) price and speed of delivery are the determinant sales factors.

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Definitions:

Employ More Capital

The process of investing additional funds or resources into a business to increase its capacity or efficiency.

Marginal Product

The boost in production resulting from one more unit of input.

Total Product Curve

A graphical representation showing how the total quantity of output produced by a firm varies with the quantity of a variable input, keeping all other inputs constant.

Average Product

The output per unit of input, such as the quantity of goods produced per unit of labor.