Which of the Following Is Not a Major Benefit of the World

question 59

Multiple Choice

Which of the following is not a major benefit of the World Wide Web to a small retailer?

• A)the ability to receive orders and inquiries on a 24/7 basis
• B)the ability to reach distant customers,including foreign ones
• C)the ability to reach all potential customers
• D)the ability to project a large presence on the Web

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Definitions:

Production Possibilities Frontier

A graph that shows the various combinations of output that an economy can possibly produce, given the available factors of production and the available production technology.

Trade-Off

A choice made in a given situation where one aspect of a set or design is reduced or forfeited to improve other elements.

Opportunity Cost

The dropping of possible gains that could come from other alternatives when a specific one is chosen.

Production Technology

The methods and processes used to convert inputs into outputs (goods or services).