Which of the Following Is a Result of the Greater

question 141

Multiple Choice

Which of the following is a result of the greater availability of electronic communication?

• A)There is more emphasis on personal service in the market.
• B)Markets are becoming smaller.
• C)Markets are becoming inefficient.
• D)Markets are becoming more efficient.

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Definitions:

Productivity

The measure of how efficiently goods and services are produced, often evaluated as the ratio of output to inputs in the production process.

Opportunity Cost

The expense incurred by not choosing the second-best option during a decision-making process.

Sweaters

A knitted garment typically made of wool, cotton, or synthetic yarn, worn over the upper body for warmth.

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