Purchasing Products and Services Online Often Cuts Out the Middleman

question 1

Multiple Choice

Purchasing products and services online often cuts out the middleman, who has traditionally sold the product and/or service. This process is called _____.

• A) straight-to-consumer services
• B) replacement of brick-and-mortar stores
• C) disintermediation
• D) dysfunctionalization

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Definitions:

Drunk Driving

The act of operating a motor vehicle while the driver's ability to do so is impaired by the effects of consuming alcohol.

Used Oil

Recycled or waste oil that has been used and then collected for reprocessing or disposal, often considered hazardous waste.

Marginal Social Costs

The total cost to society of producing one additional unit of a good or service, including both private costs and any externalities.

Social Welfare

The overall well-being of a society, encompassing economic, social, and environmental dimensions, often considered in policy-making.