In Order to Be Successful with Web-Based On-Line Shopping,companies Must

question 45

Multiple Choice

In order to be successful with Web-based on-line shopping,companies must do all except which of the following?

• A)manage distribution centers and warehouses
• B)operate fleets of trucks
• C)maintain adequate inventories of products
• D)promise same-day delivery
• E)schedule deliveries

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Definitions:

Articles of Organization

Official papers submitted to state authorities to formally establish a limited liability company (LLC).

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.

Certificate of Authority

A certificate of authority is an official document granting a company the license to do business in a particular jurisdiction outside of its original registration.

Franchise Agreements

are legal contracts between the owner of a trademark, brand, or business system (franchisor) and an individual or entity (franchisee), granting the right to operate a business under the franchisor's model and brand.