Before the explosion of the Internet, nonstore retailing did not exist
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Although the Internet has vastly expanded the possibilities of nonstore retailing, it has existed in many different forms for many years. Examples include door-to-door selling, vending machines, and house-party selling.
You might also like to view...
Gnome Company is deciding whether to continue to manufacture a component or to buy the component from a supplier. Which of the following is relevant to this decision?
A) the potential uses of the facilities that are currently used to manufacture the component B) the insurance on the manufacturing facility that will continue regardless of the decision C) fixed costs that do not differ between the alternatives D) the cost of the equipment that is currently being used to manufacture the component
Which of the following is an advantage to exporting goods to reach international markets rather than entering into some form of FDI?
A) fewer agency costs B) fewer direct advantages from research and development C) a greater risk of losing markets to copycat goods producers D) an inability to exploit R&D as effectively as if also invested abroad