Small Businesses Appear to Make More Extensive Use of Sites

question 8

True/False

Small businesses appear to make more extensive use of sites such as Facebook and Twitter to find and interact with customers.

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Definitions:

Total Output

The total quantity of goods or services produced by a firm or economy.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Variable Costs

Expenses that vary directly with the level of production or volume of output.

Average Variable Cost

The total variable cost divided by the quantity of output produced, showing how variable costs change with output levels.