One of the advantages of e-commerce is that it:

A) improves customer service.
B) is a universally accepted system.
C) guarantees privacy and security of buyers.
D) is highly accessible throughout the world.


A

Business

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When one party to a transaction knows more than another, the situation is one of

A. rational expectations. B. imperfect credibility. C. opportunity cost. D. asymmetric information.

Business

Transnational companies, such as Toyota and Honda, have characteristic features that include:

A) being in both global markets and utilizing global supply chains. B) characterized by a mind-set of being "stateless." C) using both localized and standardized elements in marketing programs. D) decisions made on the basis of ongoing research. E) all of the above.

Business

Which of the following is the best example of a desirable product?

A) breakfast cereal B) cigarettes C) effective but foul-tasting medicine D) junk food E) dental insurance

Business

Which of the following is a consumer market demographic dimension?

A. age B. gender C. education D. occupation E. All these answers are correct.

Business