Which Aspect of Retail Computerization Has Had the Greatest Impact

question 97

Multiple Choice

Which aspect of retail computerization has had the greatest impact on retailing?

• A)videoconferencing
• B)debit card systems
• C)the computerized checkout
• D)self-service

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Definitions:

Herfindahl-Hirschman Index (HHI)

A measure of market concentration that is calculated by squaring the market share of each firm competing in a market and then summing the squares.

Unconcentrated

Refers to a market or industry where no single entity has a large market share, leading to a high level of competition.

Highly Concentrated

A market condition where a small number of firms hold a large market share.

Monopolists

Monopolists are individuals or entities that have exclusive control over the production and sale of a particular good or service, allowing them to manipulate the market price and output.