Skype and WebEx Are Examples Of

question 61

Multiple Choice

Skype and WebEx are examples of:

• A) Mapping tools
• B) Social media
• C) Management tools
• D) Communication tools

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Definitions:

Controls Small Share

The act of managing or influencing a minor portion of the market or resources.

One Seller

Indicates a market structure known as a monopoly, where a single company or entity controls the entire supply of a product or service, facing no competition.

Few Substitutes

Describes a market condition where there are limited alternative products or services, often leading to higher prices and less competition.

Barriers To Entry

Factors that prevent or restrict new competitors from easily entering an industry or area of business.