The Six Reasons Why Consumers Shop and Buy Online Are

question 283

Multiple Choice

The six reasons why consumers shop and buy online are

• A)interest,personalization,cost,control,speed,and customization.
• B)customization,customerization,price,service,entertainment,and convenience.
• C)content,context,utility,entertainment,communication,and cost.
• D)convenience,choice,customization,communication,cost,and control.
• E)control,utility,interest,personalization,choice,and flexibility.

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Definitions:

Aging the Accounts

The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Bad Debt Expense

An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.

Open Account

A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.