For Many Entrepreneurs,the Barrier for Launching E-Commerce Is

question 13

Multiple Choice

For many entrepreneurs,the barrier for launching E-Commerce is:

• A)where and how to start an E-Commerce effort.
• B)lack of funding.
• C)lack of IT staff.
• D)Both B and C

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Definitions:

Total Utility

The complete fulfillment experienced when a certain amount of products or services is consumed.

Utility Schedule

A utility schedule is a table that shows the relationship between quantities of a good or service consumed and the utility or satisfaction derived from that consumption.

Marginal Utility

The additional satisfaction or utility gained from consuming an extra unit of a good or service.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a certain quantity of a good or service.