Facebook Is

question 61

Multiple Choice

Facebook is

• A) a popular website where users may create a personal profile; add other users as friends; and exchange comments, photos, videos, and "likes" with them.
• B) a website that enables users to send and receive "tweets," messages up to 280 characters long.
• C) a business-oriented website that lets users post their professional profiles to connect to a network of businesspeople.
• D) a video-sharing website in which users can upload, distribute, view, and comment on videos.
• E) a virtual content-sharing social network that allows people to share images of their favorite things such as clothing, craft ideas, and recipes as well as enables them to categorize these images.

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Definitions:

Cost-Based Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost of production.

Product Costs

The total expenses incurred in creating a product, including materials, labor, and overhead costs.

Skimming Pricing

A market strategy involving setting high prices initially to "skim" revenue layers from the market, typically used for new and innovative products.

Unit Costs

The cost incurred to produce, store, or purchase one unit of an item.