A Type of M-Commerce That Simply Involves Sending a Text

question 152

Multiple Choice

A type of m-commerce that simply involves sending a text message is known as ________.

• A) predictive marketing
• B) spam
• C) short-message system marketing
• D) telemarketing
• E) e-commerce

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Definitions:

Short-Run Production Function

A mathematical representation of the relationship between input changes and output levels in a production process, considering some inputs as fixed.

Total Cost Function

The total cost function describes the total cost of production as a function of the quantity of output, including both fixed and variable costs.

Variable Factor

In economics, it refers to any input whose quantity can be changed in the short term to affect production levels.

Increasing Returns to Scale

A situation in which output increases by a greater proportion than the increase in inputs used.