The Internal Processes of E-Business Do NOT Include

question 72

Multiple Choice

The internal processes of e-business do NOT include:

• A)Access to per
• B)Access to fringe benefit information
• C)On-line sales to customers
• D)Travel and expense reporting

---

Definitions:

Opportunity Cost

The cost of foregone alternatives, representing the benefits one could have received by taking a different decision.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.

Demand Curve

A curve showing the relation between the price of a good and the quantity consumers are willing and able to buy per period, other things constant.

Market Demand Curve

A graphical representation that depicts the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.