What is meant by e-commerce?
What will be an ideal response?
One way that technology is transforming how we communicate with one another around the
world is electronic commerce. E-commerce is the process of buying and selling merchandise
and services over the Internet. The volume of e-commerce worldwide is growing
astronomically. You can buy almost anything over the Internet, from ink pens to automobiles.
Many retail establishments use websites and/or mobile applications to advertise their goods
and services and to allow consumers to order these items over a computer when they are at
home or over a smartphone or tablet when they are anywhere else.
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In a deed of trust transaction, when a trustee sells the property and the proceeds generate a surplus, it ________.
A. is paid to the trustee B. is paid to the borrower C. is paid to the lender D. goes to the state
When two or more separately owned retail firms combine, a(n) ________ has occurred
A) downturn B) merger C) expansion D) shrinkage E) niche strategy
Formulate an objective function and constraints to model this situation
The international man of mystery knew the finest haberdashers the world over and constantly sought to expand his dazzling array of fine suits, ties, and cufflinks. Closet space was at a premium however, so purchases were carefully weighed. Each suit provides 23 units of dazzlement, each tie 14, and a set of cufflinks is worth an easy 8. A suit takes up 0.5 cubic feet of closet space and $900 of budget. A tie costs $135 and cufflinks cost $100 per set. Cufflinks are tiny — even in the original box, they take up only .01 cubic feet while ties occupy a lusty .25 cubic feet. He has budgeted $12,000 for clothes on this trip and has 20 cubic feet of closet space left to fill.
What is value analysis and how is it typically conducted?
What will be an ideal response?