Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In order for markets to work well, a degree of trust must exist between buyers and sellers. In some markets, where the buyer and seller

In order for markets to work well, a degree of trust must exist between buyers and sellers. In some markets, where the buyer and seller interact with each other directly, trust is established through these face-to-face interactions. In online markets, the opportunity for direct interactions is absent. With reference to an actual example of a real online marketplace, describe two different ways in which trust is created between buyers and sellers in online transactions.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forecasting for Economics and Business

Authors: Gloria Gonzalez Rivera

1st edition

131474936, 978-1315510415, 1315510413, 978-0131474932

More Books

Students also viewed these Economics questions

Question

Are summer stipends available?

Answered: 1 week ago