Using Applications on Portable Computing Devices to Buy and Sell

question 35

Multiple Choice

Using applications on portable computing devices to buy and sell products is known as ________ commerce.

• A) smart
• B) remote
• C) mobile
• D) web

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Definitions:

Money Income

The total amount of monetary earnings or receipts accruing to an individual or household before taxes and other deductions.

Rational Consumer

An individual who makes purchase decisions that maximize their utility, given their budget constraints.

Utility Schedule

A utility schedule is a table or graph showing the levels of satisfaction or utility that a consumer gets from consuming different quantities of a good or service.

Candy Bars

Pre-packaged bars made primarily of chocolate and often combined with other ingredients like nuts, caramel, or nougat.