Virtual Communities Are an Aggregation of Individuals or Business Partners

question 59

True/False

Virtual communities are an aggregation of individuals or business partners who interact around a shared interest, where the interaction is at least partially supported and/or mediated by technology.

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Definitions:

Cross-Over Point

The point where two different plans, strategies, or costs meet and produce the same outcome or value.

Variable Cost

Expenses that fluctuate in relation to the volume of output or business activity. A reiteration that emphasizes the dependency on production levels.

Outsource Production

The practice of delegating production or manufacturing processes to external firms, often to reduce costs or access specialized skills.

Fixed Costs

Costs that do not change with the amount of goods or services produced or sold, such as rent, salaries, or insurance.