Which of the Following Is a Type of Business Marketplace

question 2

Multiple Choice

Which of the following is a type of business marketplace?

• A)Consortium
• B)Private exchange
• C)Both the above

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Net Income Target

A net income target is a predefined earnings figure that a company aims to achieve within a specific time frame.

Required Sales

The amount of sales a company needs to achieve in order to cover its costs and generate a desired level of profit.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.