All of the Following Are Limitations of Traditional Payment Methods

question 46

Multiple Choice

All of the following are limitations of traditional payment methods in electronic commerce except:

• A) Cash cannot be used because there is no face-to-face contact.
• B) Paying for goods and services via the mail takes more time.
• C) Not all organizations accept credit cards.
• D) It is more secure for the buyer to use the telephone than to complete a secure transaction on a computer.
• E) None of the above

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Definitions:

Quality Leadership

A management approach that emphasizes excellence in products and services through leadership commitment and continuous improvement practices.

Competing on Differentiation

A strategy where businesses aim to distinguish their products or services from competitors through unique features, quality, or service.

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.

Experience Differentiation

Engaging a customer with a product through imaginative use of the five senses, so the customer “experiences” the product.