The development of e-books and e-readers has led to the closure of many brick-and-mortar booksellers. Which of the following likely did NOT drive this change in the marketplace?
A) The demand for e-book titles increased.
B) The demand for new technology increased.
C) The demand for shopping convenience increased.
D) The demand for print books decreased.
E) The demand for print books increased.
Answer: E
Explanation: E) A strong demand for print books relative to e-books would likely have enabled traditional booksellers to still serve buyers.
You might also like to view...
The internal audit department recalculates payroll for several employees each pay period. This is an example of __________________________
Fill in the blank(s) with correct word
What is the cornerstone of the master budget for a merchandising company? Why?
What will be an ideal response?
The CEO of a company is a very strong adherent of Milton Friedman’s philosophy. Which of the following actions is she most likely to pursue or support?
a. raising base employee salaries, regardless of performance, to improve workforce health b. voluntarily spending money on ethics training in order to be granted B Corporation status c. lobbying for government deregulation that would allow the company to dispose of its waste more cheaply, even if it hurt the environment d. illegally moving money into shell companies out of the country to avoid taxation
________ retailers in the United States are growing faster than product retailers
A) Discount B) Merchant C) Service D) Specialty E) Off-price