If a Friend Says,"I Am Never Going to Buy Another

question 36

Multiple Choice

If a friend says,"I am never going to buy another Avicii remix again!" his or her price elasticity of demand for Avicii remixes is

• A) perfectly elastic.
• B) perfectly inelastic.
• C) elastic.
• D) inelastic.
• E) unitary elastic.

Identify the technical skills required for different cloud services.

Understand how technology like machine learning and natural language processing enhances tools and applications.

Differentiate between e-business and e-commerce concepts.

Classify businesses based on their transaction types (B2B, B2C, etc.).

---

Definitions:

Ethnographic Research

A data-collection method that sends trained observers to watch and interact with a subject population in their natural environment.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs, and the impacts that these processes have on the consumer and society.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Validity

The degree to which a tool, test, or study accurately measures what it intends to measure or reflects the true reality.