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List and Describe the Four Sources of Ratings and Reviews

question 76

Essay

List and describe the four sources of ratings and reviews for social shopping. Are these sources always reliable? Why or why not? Can a consumer accurately judge a business based on these ratings and reviews?


Definitions:

Pledging

The act of providing assets as security or collateral for a debt.

Assignment

A task or piece of work allocated to someone as part of a job or course of study.

Allowance Method

An accounting method for estimating uncollectible accounts receivable that involves creating a provision for bad debts as a percentage of the accounts receivable.

Gross Price

The total cost of a good or service without deducting any discounts, taxes, or other expenses.

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