NeweggBusiness Is an Example of A(n)

question 43

Multiple Choice

NeweggBusiness is an example of a(n) :

• A) e-distributor.
• B) exchange.
• C) private industrial network.
• D) e-procurement Net marketplace.

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Definitions:

Law Of Diminishing Marginal Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

Total Output

The overall quantity of goods and services produced in an economy within a specific time frame.

Units Of Input

Quantitative measures of the resources used in the production of goods or services.