Author Question: The Internet might alter incentives of firms in locating their stores. Indicate whether the ... (Read 84 times)

bio_gurl · **on:** Jul 1, 2018

The Internet might alter incentives of firms in locating their stores.

Indicate whether the statement is true or false

Question 2

In 1879 . President Rutherford B. Hayes had the first telephone installed in the White House, but it was rarely used because:

a. he didn't know what it was
b. it kept breaking and no one could fix it
c. hardly anyone else in Washington had a telephone, so there was no one to call or to call in
d. hand written letters were considered a more correct form of correspondence

joewallace · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

T The Internet invites firms to consider the travel and convenience costs of customers (who have the alternative of purchasing on the Internet) instead of just trying to outdo competitors in locating close to consumers.

Answer to Question 2

C