One Category Product and Service Category That Dominates Online Consumer

question 194

Multiple Choice

One category product and service category that dominates online consumer buying consists of highly standardized products and services,such as small appliances and casual apparel,for which

• A)audio or video demonstration is important.
• B)price and delivery time are not key factors.
• C)digital delivery is an important factor.
• D)assortment and speed of delivery are the determinant sales factors.
• E)information about price is important.

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Definitions:

Standard Price

A predetermined cost assigned to materials, labor, and overhead used in budgeting and variance analysis.

Direct Materials

Components that are directly associated with the creation of a product and form a crucial part of the completed item.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied by the standard price per unit of materials.

Standard Quantity

The predetermined or budgeted amount of materials expected to be used in the production of a product, based on efficiency and productivity standards.