ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Online sales enable instant gratification.
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Packages arrive in the mail faster.
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It is easier to compare prices.
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Online businesses don’t need many employees.
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Detailed explanation-1: -Which is the most direct benefit to consumers from the internet? It is easier to compare prices. Which explains why the internet can help people make better economic decisions? Information is crucial for making good decisions.
Detailed explanation-2: -Which is the most direct benefit to businesses from the Internet? Online businesses don’t need to have as many employees.
Detailed explanation-3: -For consumers, it provides a useful and convenient platform to buy an enlarged set of products and services from more vendors at presumably better prices. Consumers can use search engines and price comparison sites, which significantly reduce search costs, to find and compare many different offers for the same product.
Detailed explanation-4: -Which is the biggest and most direct effect of the Internet? It has drastically improved communication. Which is the most direct benefit to consumers from the Internet? It is easier to compare prices.