E-Business has been determined to be a way to increase profitability. Businesses may sell merchandise on the Internet to increase sales, gather information about customer's purchases and customers' buying preferences, and use this information to assist the customer the next time he or she visits the website, link other products to their website, and earn commissions from the link, they may also charge subscription fees, or provide online access to information customers want, thereby eliminating many of the personal customer contacts and consequently the number of physical business locations required. Online information provided to customers may include information about the products and services, provide "chat" opportunities for answering customer questions, and the ability for customers to post suggestions. Which of the following would most likely lead to a reduction of expenses for an e-business and possibly result in increased profits for the business as a result? a. Increase online advertising over other forms of advertising b. Increase sales hours c. Increase the interactive contact points for customers d. Increase customer base

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy.b. this is a negative response strategy.c. this is a response strategy for either positive or negative risk known as contingency planning.d. this is a response strategy for either positive or negative risks known as passive acceptance.

Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve