By 2017, 65% of the Global Population Will Be Using

question 188

Multiple Choice

By 2017, 65% of the global population will be using a mobile phone. This is a leading reason for increase in:

• A)online retailing.
• B)travel retailing.
• C)faster retailing.
• D)mobile retailing.

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Definitions:

Cheaper Service

A service offered at a lower price relative to other similar services, emphasizing cost-effectiveness.

Perfect Competitor

A theoretical market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can affect the market price.

Average Total Cost

The total cost of production divided by the number of units produced, representing the cost per unit of output.

Economies

Systems of production, distribution, and consumption of goods and services among individuals, businesses, and governments within a region or country.