Examlex

Solved

The EBay Website Uses Technology and the Internet for Its

question 90

Multiple Choice

The eBay website uses technology and the Internet for its virtual marketplace, employs personnel to maintain the technology, provides office space for employees, and has a founder who quit a lucrative career in another industry. Which factor of production is the founder?


Definitions:

Horse Stable Inc.

A hypothetical or specific company involved in maintaining buildings or establishments for the care, feeding, and training of horses.

Fully Integrated

A term indicating that all components of a system, process, or agreement are completely unified and functioning as a single entity.

Buyers Store

A retail or online establishment where consumers purchase goods, often referring specifically to the entity in the context of a supply chain or distribution channel.

Usage of Trade

Established practices and patterns of behavior commonly observed and accepted in a particular industry.

Related Questions