Using the Internet to Make Products and Services Available for Consumption

question 249

Multiple Choice

Using the Internet to make products and services available for consumption or use by consumers or organizational buyers is referred to as

• A) electronic distribution channels.
• B) virtual marketing channels.
• C) World Wide Web networks.
• D) digital marketing channels.
• E) Web 3.0 marketing channels.

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Definitions:

Average Total Costs

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, representing the cost per unit of output.

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single party can influence the price.

Market Price

The present value at which a service or asset is available for purchase or sale within a specific market.

Market Demand

The total quantity of a good or service that consumers in a market are willing and able to purchase at different prices.