How Did Online Markets Affect the Balance of Power Between

question 63

Multiple Choice

How did online markets affect the balance of power between buyers and suppliers?

• A) The power imbalance between the buyers and the suppliers decreased.
• B) Buyers' focus shifted from being powerful to being cooperative.
• C) Sellers became more powerful than the buyers.
• D) Buyers became more powerful than the sellers.

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Definitions:

Revolving Line of Credit

A credit facility extended by a financial institution to a customer that allows the customer to borrow up to a certain limit, pay down the balance, and then borrow again.

Simple Interest

Interest calculation method that involves multiplying the principal amount by the interest rate and the term of the loan or investment, without compounding.

Annual Rate

The interest rate for a loan or investment over a one-year period, often used to compare the yield of financial products.

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Loans taken by students to cover higher education expenses, expected to be repaid with interest.