In Terms of the Internet Evolution, Web 2.0

question 225

Multiple Choice

In terms of the internet evolution, Web 2.0:

• A) transformed traditional retailing by selling goods and services over the internet.
• B) offered consumers a way to communicate with each other through email.
• C) created online communities that connect buyers and sellers in new ways.
• D) provided businesses with an opportunity to advertise effectively on the internet.

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Definitions:

NAFTA Region

Refers to the geographic and economic region under the North American Free Trade Agreement, encompassing Canada, the United States, and Mexico.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.