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:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Substitutes

Goods or services that can be used in place of one another, where an increase in the price of one leads to an increase in demand for the other.

Pepsi

A global beverage and food company known for its eponymous brand of cola and a wide range of other products.