Web 3.0

question 179

Multiple Choice

Web 3.0:

• A) created static content that included customer involvement
• B) generated instant communication that helped improve customer service
• C) created online communities that connected buyers and sellers
• D) featured brand engagement, social media, and customer-generated reviews

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Definitions:

Row Maximums

The highest values within each row of a matrix or table, typically used in data analysis and optimization problems.

Equally Likely Criterion

A decision-making principle where all outcomes are considered to have the same probability of occurring.

Perfect Information

Perfect information refers to a theoretical scenario where all participants in a market have complete and instantaneous knowledge of all market conditions and variables, leading to an optimal decision-making environment.

Expected Value

A calculation in probability theory that represents the average outcome when the experiment is repeated a large number of times.