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Beginning the E-Commerce Development Process with a Mobile Presence Rather

question 13

Multiple Choice

Beginning the e-commerce development process with a mobile presence rather than a desktop website is referred to as which of the following?


Definitions:

Barriers To Entry

Elements that obstruct or impede the ability of businesses to penetrate a particular market or sector.

Elasticity Coefficient

The elasticity coefficient measures how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price, income, or the price of related goods.

Perfectly Elastic

Describes a market situation where demand or supply can change infinitely with even the slightest change in price.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at each price point.

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