A Company Uses Its Website and Social Media Platforms to Disseminate

question 83

Multiple Choice

A company uses its website and social media platforms to disseminate information about the company and to allow customers to post feedback on how it is currently doing business. This company is practicing

• A)empowerment.
• B)data mining.
• C)transparency.
• D)collaborative filtering.
• E)clientelling.

Understand genetics and the role of microscopic bodies in hereditary characteristics.

Identify and understand the terms and abbreviations related to the gastrointestinal system.

Know the basic concepts of electricity and charges as they relate to atoms and molecules.

Understand the concept of utility and how it drives consumer choices.

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Definitions:

Variable Cost Concept

The variable cost concept implies costs that vary directly with the level of production or sales volume, such as materials and labor.

Markup

The amount added to the cost price of goods to cover overhead and profit when determining the selling price.

Total Cost Concept

An approach that takes into account all costs associated with the production and distribution of goods or services.

Cost-Plus Approach

A pricing strategy where a fixed percentage or amount of profit is added on top of the cost to produce or purchase goods or services.