What Does Cost Per Thousand (CPM) Mean, and How Is

question 22

Short Answer

What does Cost Per Thousand (CPM) mean, and how is it used?

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits lost by choosing one option over another.

Tractor

A tractor is a powerful motor vehicle designed for agricultural use, often used to pull farm equipment and haul goods.

Motorcycle

A two-wheeled vehicle powered by an engine, designed for individual or small-number passenger transport.

Terms of Trade

The ratio between a country's export prices and its import prices, influencing the balance of trade.