___________ Is the Process of Consumers Marketing to Consumers Over

question 116

Multiple Choice

___________ is the process of consumers marketing to consumers over the Internet,through electronic,or in-person word of mouth transmitted through emails and electronic mailing lists.

• A) Mobile marketing  
• B) Viral marketing 
• C) Social couponing  
• D) Social gaming

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Definitions:

Short Run

A time period in economics where at least one factor of production is fixed, limiting the immediate response of a firm to changes in market conditions.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Average Variable Cost

The total variable cost divided by the quantity of output produced.

Output

The amount of goods or services produced by a company, sector, or economy.