The Ability to Shop Over the Internet 24 Hours a Day

question 60

Multiple Choice

The ability to shop over the Internet 24 hours a day, seven days a week, provides consumers with ________ utility.

• A) form
• B) time
• C) convenience
• D) possession
• E) performance

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Definitions:

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, an indicator used to analyze and compare profitability among companies and industries.

Revenue

Revenue is the total amount of income generated by the sale of goods or services related to a company's primary operations.

Absorption Costing

A costing technique that encompasses both direct and indirect expenses associated with the production in the product's cost.

Contribution Margin

The amount by which sales revenue exceeds variable costs of a product, indicating how much revenue contributes toward covering fixed costs and generating profit.