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Readme [11.4K]
3 years ago
9

Which situation is a drawback of e-commerce?

Business
2 answers:
leva [86]3 years ago
6 0

Answer

Hi,

The correct answer option is (A).

Explanation

E-commerce is the process of selling goods and services online. The core disadvantages of an e-commerce business are losing the direct touch with physical customers, delaying of goods or services delivery and limiting nature of some goods that cannot be sold online. When hacker access customer information, they can use it to blackmail clients and cause loss of goods and money.

Best wishes!

Veseljchak [2.6K]3 years ago
3 0

The situation D is a drawback of E-Commerce, i-e, Theft of credit card.

E commerce is simply conducting business electronically. When business is conducted electronically over internet through a site which is depicting a store or an outlet, there are many disadvantages associated with it along with numerous advantages. These disadvantages may include the lack of personal touch, delay in providing the goods or services, etc. But the biggest and the main disadvantage of E commerce is Security. People purchase products over internet through their credit cards. They give their personal information to that site. This is very sensitive information, and there are many sites now a days that are totally scams, fake and are indulged in the fraudulent activities. They may take the customers' information and can use their details somewhere else. So this is the biggest theft for conducting business electronically.  

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If the best surgeon in town is also the best at cleaning swimming pools, then according to economic reasoning, this person shoul
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Answer:

specialize in being a surgeon because its opportunity cost is lower.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Assuming the best surgeon in town is considered to be the best at cleaning swimming pools, then from an economic perspective and reasoning, this person should specialize in being a surgeon because its opportunity cost is lower.

This ultimately implies that, the benefits, profits or value associated with cleaning swimming pools i(alternative forgone) is lower compared to what is obtainable from being a surgeon.

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3 years ago
Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. in​ response, the demand for their ban
sammy [17]

Answer:

-0.34

Explanation:

Given that,

Percentage increase in prices = 5%

Initial quantity demanded = 30,000

New quantity demanded = 2,500

By midpoint method,

Average quantity :

= (Initial quantity  + New quantity) ÷ 2

= (30,000 + 2,500) ÷ 2

= 16,250

Change in quantity = (2,500 - 30,000)

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Therefore, the price elasticity of demand is as follows:

= (Change in demand ÷ Average quantity demanded) ÷ Percentage increase in prices

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3 years ago
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive market equilib
AfilCa [17]

Answer:

The correct answer is  D. does not increase the amount of the product that consumers buy because it creates a shortage.

Explanation:

If a market is defined by the following demand and supply functions. The balance or price that reflects the coincidence in valuation of the good of consumers and producers, would occur at the intersection between both functions.

When the State intends to supplant market activity in the allocation of goods and services, it can do so through a policy of maximum and minimum prices.

If it is considered appropriate that a given price is less accessible than what would take place in the market, it will establish a maximum price, above which no company can sell. When this occurs, we can graphically appreciate how at that price the quantity demanded is greater than that offered, thus generating an excess of demand that leads to the shortage of the good. In this context, some mechanism will be developed that allows rationing the offer (long lines, different criteria such as age, economic level, etc.) This being, land paid for the appearance of the “black market”.

Another type of price control is the establishment of a minimum price. This system has been used frequently in agricultural markets, when the State has sought to prevent farmers' income from drastically reducing.

When a minimum price is established higher than what would take place in the market, the quantity offered exceeds the defendant, thus producing an excess supply. This excess supply will lead to an accumulation of production that will generate great inefficiency.

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3 years ago
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