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Author Question: How did online markets affect the dynamics between buyers and suppliers? A) It decreased the ... (Read 89 times)

eruditmonkey@yahoo.com

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on: Jul 7, 2018
How did online markets affect the dynamics between buyers and suppliers?
 
  A) It decreased the threat of new entrants in many industries.
  B) It reduced the network effects of many products.
  C) It increased the costs of switching.
  D) It granted more power to the buyers.

Question 2

Define traditional capital and human capital.
 
  What will be an ideal response?


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lkanara2

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Reply #1 on: Jul 7, 2018
Answer to Question 1

D

Answer to Question 2

Traditional capital refers to investments into resources such as factories, machines, manufacturing equipment, and the like. Human capital is the investment in human knowledge and skills for future profit.


eruditmonkey@yahoo.com

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Reply 2 on: Jul 7, 2018
Excellent

nathang24

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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