Availability Is Defined as _____

question 23

Multiple Choice

Availability is defined as _____.

• A)guarding against improper modification of information to ensure authenticity
• B)maintaining restrictions on information to protect personal privacy
• C)encrypting information
• D)ensuring timely and reliable use of information

Acknowledge the challenges and limitations of consumer privacy in online shopping.

Understand the difference and application of penetration pricing and price skimming.

Appreciate the importance of consumer perception in product pricing.

Identify and describe the stages of product development and commercialization.

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Definitions:

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government or other authority.

Entrepreneur

An individual who, instead of working as an employee, runs a small business and assumes all the risks and rewards of a given business venture.

Earn A Profit

The process of making financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Charging Interest

The act of lending money or capital with the expectation of receiving payment back plus additional money, known as interest, which serves as the cost of borrowing.