Retailing on the Internet

question 100

Multiple Choice

Retailing on the Internet:

• A) makes it hard for consumers to compare products or prices.
• B) is limited to only a few mass-merchandisers.
• C) makes shopping very convenient for some consumers.
• D) is not expected to grow very fast.
• E) all of the above.

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Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial transactions.

Merchant

A person or company involved in wholesale or retail trade, especially one dealing with tangible goods.

Written Offer

A formal proposal or bid presented in written form, detailing the terms under which the writer is willing to engage in a contract or agreement.

Requirements Contract

A contract in which the seller agrees to supply all of the buyer's needs for a particular good or service over a specified period.